Geely's Grand Plans for Volvo
Reports in the Swedish media have Consortium Jakob AB still in the running to snatch Volvo from Geely. But hiring investment bank Morgan Stanley as collaborators must have spooked Geely — FoMoCo’s “preferred bidder” — and the Chinese automaker has upped the ante with some grand plans for Volvo. Geely is promising to sell no fewer than 1 million Volvos annually within four/five years.
More by Thor Johnsen
Latest Car Reviews
Read moreLatest Product Reviews
Read moreRecent Comments
- Varezhka Maybe the volume was not big enough to really matter anyways, but losing a “passenger car” for a mostly “light truck” line-up should help Subaru with their CAFE numbers too.
- Varezhka For this category my car of choice would be the CX-50. But between the two cars listed I’d select the RAV4 over CR-V. I’ve always preferred NA over small turbos and for hybrids THS’ longer history shows in its refinement.
- AZFelix I would suggest a variation on the 'fcuk, marry, kill' game using 'track, buy, lease' with three similar automotive selections.
- Formula m For the gas versions I like the Honda CRV. Haven’t driven the hybrids yet.
- SCE to AUX All that lift makes for an easy rollover of your $70k truck.
Comments
Join the conversation
If s/he's dead set on getting a Volvo, now to Dec 31st is a pretty good time to bargain since uncertainty means you have a lot of chips to play with, and the dealer/sales people might not have a job in the near future, so they want to make every penny they can right now.
Speaking of Volvo getting owned by the Chinese, how's Jaguar getting along with their new owners?