The management team of Chinese automaker Geely Holding Group will meet with Ford and Volvo executives, Volvo unions and Swedish government officials in Sweden this week in its bid for Volvo, a Europe-based spokesman for Geely said. Geely Chairman Li Shufu will attend the meeting to discuss the co...
Swedish auto maker Volvo Group said on Monday that it has signed an agreement to sell its entire stake in Jinan Huawo Truck Corp to its Chinese partners, Reuters reported.Under the agreement, China National Heavy Duty Truck Group and Sinotruk (Hong Kong) Ltd<3808> will take over the 50% stake that Volvo holds...
Shanghai, November 17 (Gasgoo.com) Ford Motor's Volvo car division will retain the rights for its licensed technologies, and its Chinese bidder Geely will get the right to use them, Reuters reported today, citing a Geely spokesman.
Volvo Car Corporation (Volvo) announced that it would end its cooperation with China National Heavy Duty Truck Group Co., Ltd. (CNHTC) by selling its share of Jinan Huawo Truck Co., Ltd and quitting from the joint venture as of yesterday. Jinan Huawo Truck Co., Ltd, which was built by Volvo and C...
SHANGHAI, Nov 17 - Ford Motor's Volvo car unit will retain the rights for its licenced technologies, while its Chinese bidder Geely will get the right to use the technologies, a Geely spokesman was quoted...
Geely plans to produce three new luxury Volvo models within four years of taking over the car brand from Ford, according to company sources. The Zhejiang Geely Holding Group, which is Ford's preferred bidder for Volvo, said it would sell two or three bigger, more luxurious cars to boost its globa...
In its bid to buy Ford Motor鈥檚 Volvo unit, Geely Holding Group plans to double Volvo鈥檚 sales to nearly 1 million vehicles a year. The Chinese automaker hopes this turnaround plan will be a more competitive bid compared with other suitors. In its plan, Geely wants to build a new Volvo plant in...
HONG KONG, Nov 11 - China's Zhejiang Geely Holding Group, vying to buy Ford Motor's loss-making Volvo unit, has developed a turnaround plan under which it hopes to double Volvo's sales to near 1 million...
Shanghai, October 30 (Gasgoo.com) A month ago, Geely insiders told some reporters that it was going to acquire Volvo. At that time the media overwhelmingly believed that Geely's acquisition of Volvo would be nothing but a publicity stunt.
Volvo S80 Ford Motor Co held talks with France's Renault SA and China's Dongfeng Motor Group to sell Volvo, which the US automaker bought in 1999, said sources in a Reuters report. The Ford spokesman declined to make any direct comments on this issue, but he said the company announced earlier thi...