Volvoapedia.org » geely automotive http://www.volvoapedia.org Volvoapedia.org | Volvo News, Reviews, Pictures & Video Wed, 01 Feb 2012 17:28:33 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Volvo’s New Owner – Geely http://www.volvoapedia.org/volvos-new-owner-geely http://www.volvoapedia.org/volvos-new-owner-geely#comments Fri, 19 Jun 2009 16:39:31 +0000 admin http://www.volvoapedia.org/?p=129 According to WorldCarFans – Has Volvo found a Chinese suitor? That is the story currently breaking. According to a few media reports, most of them coming from China itself, Ford has reached an agreement with Geely of China to sell Volvo Cars to that company.

volvo-logo

Reports, which cite a Chinese government source, say Geely plans to start production of a new Volvo car in China’s Guangzhou Province after introducing the XC90 SUV to the country. They go on to say Geely is prepared to invest up to US$10 billion in Volvo’s global operations.

geely_logo

But Volvo denies that such an announcement exists. “An announcement related to the sale of Volvo Car Corp. would only come from Ford Motor Company,” it said in a statement. “As of today, 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.”

]]> http://www.volvoapedia.org/volvos-new-owner-geely/feed 1