Geely withdraws reported offer for Volvo
Published: 16 Sep 2009 07:51 GMT+02:00
Updated: 16 Sep 2009 07:51 GMT+02:00
- Geely confirms Volvo interest (08 Sep 09)
- Chinese firm close to Volvo Cars bid: report (06 Aug 09)
- China's Geely to buy Volvo Cars: report (18 Jun 09)
“They explained over the weekend that they have never made such a statement,” Volvo CEO Stephen Odell told the newspaper.
Looking back, there were a number of peculiarities related to the continued back and forth about the alleged offer.
On the one hand, Geely CEO Gui Sheng Yue spoke on behalf of the entire Geely Group, but according to DI, he is only in charge of the Geely Automobile subsidiary.
In addition, he never admitted to being a part of the process or of having ever visited Sweden or Volvo.