Posted by Reuters: Business News on August 2, 2010
BEIJING/HONG KONG (Reuters) – China’s Geely on Monday completed its purchase of Ford Motor Co’s Volvo unit, marking China’s biggest acquisition of a foreign car maker and reflecting the nation’s rapid rise in the auto world.
Posted by Reuters: Business News on July 22, 2010
DETROIT/GOTHENBERG/NINGBO (Reuters) – It was a miserable winter day in January 2007, the kind that makes auto executives in the Motor City wonder why they hold the Detroit Auto Show at the most inhospitable time of the year.
Posted by Reuters: Business News on December 31, 2009
HONG KONG (Reuters) – Geely, China’s No.1 private carmaker, sees robust growth for China’s auto industry in 2010, on strong domestic demand and government subsidies, a top Geely executive said on Thursday.
Posted by Reuters: Business News on December 24, 2009
BEIJING/DETROIT (Reuters) – Ford Motor Co said on Wednesday it is nearing an agreement to sell its Volvo Swedish cars unit to China’s Geely in a deal that underscores China’s arrival as a major force in the global auto industry.
Posted by Reuters: Business News on December 23, 2009
BEIJING/STOCKHOLM (Reuters) – Ford Motor Co said on Wednesday that it expected to finalize the sale of Volvo to China’s Geely in the first half of 2010 in a deal that underlines China’s arrival as a major force in the global auto industry.
Posted by Reuters: Business News on
BEIJING/STOCKHOLM (Reuters) – China’s automakers Geely and BAIC pushed ahead with plans to harness the technology of Ford’s and General Motors’ ailing Swedish brands Volvo and Saab in a bid to be global industry players.
Posted by Reuters: Business News on
STOCKHOLM (Reuters) – U.S. carmaker Ford said it expected to close a deal to sell Volvo Cars to China’s Zhejiang Geely in the second quarter of 2010, in the latest in a string of deals between Asian and Western carmakers.
Posted by Reuters: Business News on
STOCKHOLM (Reuters) – U.S. car maker Ford has agreed to sell Volvo cars to China’s Zhejiang Geely and will present the deal at 5 a.m. EST, Swedish television reported on Wednesday.
Posted by Reuters: Business News on
HONG KONG (Reuters) – Ford Motor and Zhejiang Geely have addressed most of the big issues in the pending sale of Ford’s Volvo car unit to the Chinese automaker, a source with knowledge of the talks said on Wednesday, paving the way for the biggest acquisition of a foreign automaker by a Chinese company.
Posted by Reuters: Business News on
NEW YORK/DETROIT (Reuters) – Ford Motor Co and China’s Geely are set to report progress as soon as Wednesday in talks to sell Ford’s Volvo unit to the Chinese automaker, two people with direct knowledge of the matter said.
