Posted by Reuters: Business News on April 27, 2011
STOCKHOLM (Reuters) – World number two truck maker Volvo AB rolled out proof of surging market demand on Wednesday and reassured investors worried about cost pressures with forecast-beating profit margins.
Posted by Reuters: Business News on February 4, 2011
STOCKHOLM (Reuters) – World number two truck maker Volvo posted a smaller-than-expected rise in fourth-quarter earnings on Friday, hit by problems as output was ramped up, but raised its market…
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 March 29, 2010
SHANGHAI/HONG KONG (Reuters) – Li Shufu, the plain-spoken chairman of China’s Zhejiang Geely Holding Group, faces a long, uphill journey to return Ford Motor’s prestigious but loss-making Volvo brand to profitability.
Posted by Reuters: Business News on
GOTHENBURG, Sweden (Reuters) – Zhejiang Geely Holding Group, China’s largest private-run car maker, agreed on Sunday to buy Ford Motor’s Volvo car unit for $1.8 billion, the country’s biggest overseas auto purchase.
Posted by Reuters: Business News on March 10, 2010
STOCKHOLM (Reuters) – The parent of China’s Geely Automobile has secured financing to buy Ford-owned Volvo cars for about 15 billion Swedish crowns ($2.10 billion), a Swedish business daily reported on Wednesday.
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.
