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Ford prefers Geely bid for Volvo

Ford announces that a consortium led by China's Zhejian Geely is its preferred bidder for its Swedish car subsidiary Volvo. ...full story at BBC News

from BBC News on Wed, Oct 28 2009

see also:

16 Jan 08 visit China's Geely new safty system-BMBS Chinese car  »  YouTube videoChinese automaker Geely introduced a new safety system at the 2008 NAIAS. Described as revolutionary, it's designed to reduce the risks of getting into an accident when one of the tires explodes. Developed in China, the Blow-Out Monitoring and Braking...
29 Oct 09 visit Ford: Geely is preferred bidder for Volvo  »  People's Daily A group led by China's Geely Auto is the preferred bidder for Ford's Volvo Cars unit, Ford said Wednesday. The Associated Press quoted Ford sources as saying the selection signals that it is conducting "more detailed and focused negotiations" with...
06 Feb 09 visit Geely says no plans to buy Ford's Volvo car unit  »  People's Daily China's largest privately owned carmaker Geely Automobile Holdings Ltd has denied reports that it is acquiring the Volvo car unit from Ford Motor Co, Reuters said yesterday. It quoted a spokesperson from Geely as saying: "We don't have plans to buy...
03 Nov 09 visit Is Geely Capable of Managing Volvo?  »  China Journal The world isn’t kind to Zhejiang Geely Holding Group Co. Ltd. when it comes to assessing the Hangzhou-based auto upstart’s ability to acquire and manage Ford Motor Co.’s Volvo unit.
09 Sep 09 visit Geely Holdings Group's bid for Volvo confirmed  »  People's Daily Zhejiang Geely Holdings Group, Hong Kong-listed Geely Automobile Holdings Limited's parent, may work with investment institutions to buy Volvo, but Geely Automobile Holdings Limited would not take part in the bid, said Geely Automobile Holdings Limited's...
26 Sep 09 visit No progress made in Volvo takeover, Ford's CEO  »  People's Daily No new progress has been made in the acquisition of Volvo by Geely as the two parties are still in negotiation, said Ford's CEO Allan Mulally Friday, at an opening ceremony of the company's new Ford plant in China's southwest Chongqing city. ...

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