• Hello there guest and welcome to our forum!
    To gain full access you must Register. Registration is free and it takes only a few moments to complete.
    Already a member? Login here then!

REPORT: Geely agrees to buy Volvo? Ford silent

wickedstangs

Chula Vista, CA
Staff member
Administrator
<p>Filed under: <a href="http://www.autoblog.com/category/china/" rel="tag">China</a>, <a href="http://www.autoblog.com/category/ford/" rel="tag">Ford</a>, <a href="http://www.autoblog.com/category/volvo/" rel="tag">Volvo</a></p><a href="http://www.autocar.co.uk/News/NewsArticle/AllCars/240890/"><img vspace="4" hspace="4" border="0" src="http://www.blogcdn.com/www.autoblog.com/media/2009/06/geelyeatvolvo_opt.jpg" alt="" /></a><br /><br />Any talk of brands for sale in the auto industry invariably includes a Chinese automaker as one potential bidder. As such, it's not surprising to hear that Chinese automaker Geely is reportedly in the running to buy Volvo from Ford. Chinese media, however, have begun reporting that Geely has actually signed a deal with the Dearborn-based automaker to buy the last remaining brand from Ford's now-defunct Premium Auto Group. <br /><br />Has it actually happened? Both Ford and Volvo have made no official statements that would confirm what's being reported in the Chinese media. Official confirmations usually come after a deal has been widely reported in the media, though. However, the only outlets reporting this rumor are from China. We haven't heard a peep from any Swedish-based news organizations, which is surprising considering they were on the ball last week <a href="http://www.autoblog.com/2009/06/11/breaking-swedish-tv-reports-koenigsegg-buying-saab/">reporting that Koenigsegg had struck a deal with General Motors</a> to buy Sweden's other big auto brand, Saab.<br /><br />Swedespeed.com actually asked Volvo if the reports of a sale to Geely were true. James Hope, Volvo's US Product Communications Manager, had this to say.<br /><br /><blockquote>"An announcement related to the sale of Volvo Car Corp. would only come from Ford Motor Company. As of today [Wednesday, June 17, 2009], neither Ford Motor Company nor Volvo Car Corporation in Sweden has made any announcement regarding the sale of Volvo. Reports of such a sale by any media outlet are speculative and, therefore, are not accurate."<br /></blockquote><br />There you have it. If an agreement has been struck by Geely and Volvo's parent company Ford, nobody's except the Chinese are talking about it.<br /><br />[Source: <a href="http://www.autocar.co.uk/News/NewsArticle/AllCars/240890/">Autocar.uk</a>, <a href="http://www.swedespeed.com/news/publish/Volvo_News/article_1536.html">Swedespeed</a>]<p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2009/06/18/report-geely-agrees-to-buy-volvo-ford-silent/">REPORT: Geely agrees to buy Volvo? Ford silent</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Thu, 18 Jun 2009 13:58:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2009/06/18/report-geely-agrees-to-buy-volvo-ford-silent/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19071364/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2009/06/18/report-geely-agrees-to-buy-volvo-ford-silent/#comments" title="View reader comments on this entry">Comments</a>


More...
 

kakarote

Well-Known Member
this is what happens when we (as a country) sell our souls to the chi-coms!
good by Volvo, hello comlovo.
 
Top