China's Geely completes Volvo acquisition; eyes restoring Volvo's glory

Chinese car maker Geely Holdings Group Co. Ltd. said Monday it has completed its $1.8 billion-buyout of Ford Motor Co.'s Volvo unit, in a landmark foreign acquisition by a Chinese company.
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uaw_laxuaw_lax - 8/2/2010 12:15:17 PM
-1 Boost
It can never happen as long as Volvo is i the hands of the Chinese.


Agent63Agent63 - 8/3/2010 7:36:08 AM
+3 Boost
Something wrong with being Chinese? Some of the world's most successful people are of Chinese descent. Most of the clothes you wear are made from China as well as materials for buildings. China owns so much US currency and owns so many plants which create the products that make US look so high-tech. Yes, labor is cheap and yes they more often than not, like to clone products. Just remember where many computer parts are from (Taiwan), and where most of our cell phones come from (China). Apple's beloved iPhone is made in China and yet its one of the hottest phones on the market today. So in the hands of the Chinese what?


997TT997TT - 8/3/2010 7:38:10 AM
+2 Boost
uaw_lax he got you there.


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