Report: Geely planning to keep Volvo running as is

Geely doesn’t plan on disrupting Volvo’s development, production, or dealership operations if the sale does get finalized, according to a report from a Chinese news agency. It’s expected that in early 2010, Ford will sign a deal with Geely, which will buy Volvo’s operations for about $1.8 billion.

In recent years, Ford has shed Aston Martin, Jaguar, and Land Rover in an effort to return to profitability. Volvo has proven to be the most difficult to sell. The hurdle in the Volvo sale has been the intellectual property rights associated with the brand since many Ford products use a common platform with Volvo products. Li Shufu, the founder and chairman of Zhejiang Geely Holding Group, the parent company of Geely, said that he looks forward to having Volvo in the company’s portfolio.
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mpls - 12/30/2009 4:26:19 PM

+1 Boost

Back of that carlooks like an old Astra or an Mitsubishi lancer

pennfootball - 12/31/2009 11:04:03 AM

+1 Boost

Volvo is better in terms of sales and has a better product line up...Geely will ruin it though and what they "say" and what they do will show the world that Made In China will be on the back of this viking company.