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.
Posted in Branding, China, News Blog, Overseas
Tagged as chinese market, fomoco, Geely, swedish media, Volvo, wall street journal
Tagged as chinese market, fomoco, Geely, swedish media, Volvo, wall street journal
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