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.
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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?