• Sweden edition
 
Volvo's future with Geely 'bright': Ford head

Volvo's future with Geely 'bright': Ford head

Published: 13 Jan 2010 07:46 GMT+01:00
Updated: 13 Jan 2010 07:46 GMT+01:00

"I think Volvo has a very, very bright future," Mulally said.

"They're great business people, they love the product and they're going to be a great owner for Volvo."

Mulally reiterated that Ford is not considering any other bidders for Volvo but declined to say when the deal would close.

"We don't give a specific date out for it because these are very sophisticated conversations we have because we have to make sure that we have all of our support for Volvo all lined up so we don't have a timeframe," he told reporters on the sidelines of a conference hosted by Automotive News.

"We're just making great progress."

Ford will continue to invest in Volvo up until the day the deal closes and will "support Volvo for as long as it takes," he added.

"Volvo is just a fabulous brand, it's a global brand," Mulally said.

"We are divesting these other brands not because we don't like them -- they are fabulous brands -- (but) our point of view going forward is, we need to focus on Ford."

AFP/The Local (news@thelocal.se)

Don't miss...X
Left Right

Your comments about this article

16:58 January 13, 2010 by Thebinary1
Congratulations Volvo. Your future may play out as follows:

http://www.abc.net.au/news/stories/2010/01/13/2791223.htm?section=justin
17:00 January 13, 2010 by 2394040
After the SAAB farce, how many people totally buy this story? Does Volvo have a future? Now that it has financial backing, or course it does. What I DON'T buy is its future in Sweden. I've said it before, China will not, over the long-term, do business with labor unions. The only way that a substantial amount of Volvo work will remain in Sweden is if the unions are completely out of the picture. If that happens, then I would say that Volvo has a future in Sweden. Otherwise, most of the work will go to China and other slave-labor areas. And even if it remained in Sweden, auto workers will see a gradual and continuous drop in their standard of living. Not to mention the fact that more and more demands will be made on them by their employer. I know that for a fact, after over 40 years of factory work here in the USA.

One should never take at face value what the corporate world says. These people are totally ruthless, and they look out for themselves first. So beware of what they say, and always observe what they do. It's rare that words and actions agree.
03:24 January 14, 2010 by volvoman9
That Geely in the picture on the header is truly a bright looking car! The translation of this tome is " We could give a sh@t what happens to Volvo any more than we cared what happened to Land Rover, Jaguar or Aston Martin. We can't afford to worry about anything but survival." It's a cold cruel world; buy your next Volvo before they begin to look like the whore's dream in the header.
08:50 January 15, 2010 by spy
I am pretty sure that Mullally would have failed the test if he had said this while hooked up to a lie detector. But anyway Ford and Volvo should be congratulated for securing a new owner in a relatively humane way. I just hope Volvo can keep their soul . . .
Today's headlines
Swimrun
Record win at Sweden's tough island race
Photo: Jakob Edholm/ÖTILLÖ14

Record win at Sweden's tough island race

Two Swedes crushed last year's course record at the Swimrun world championship in Stockholm's archipelago on Monday. READ  

Sweden reveals Academy Award submission
Swedish director Ruben Östlund on set. Photo. TT

Sweden reveals Academy Award submission

The movie set to represent Sweden at the 2015 Academy Awards was revealed on Monday, a film that has already won awards abroad. READ  

Amphetamines
Hidden forest drug stash leads to prosecution

Hidden forest drug stash leads to prosecution

A 53-year-old man has been prosecuted after police in western Sweden made one of their largest drug seizures in the area. READ  

Man shot dead in hunting accident
Photo: Hunter Desportes/Flickr

Man shot dead in hunting accident

UPDATED: Police in northern Sweden say a man was killed on Monday morning after what they described as a "hunting accident". READ  

Pirate Bay Swede's trial set for final stage

Pirate Bay Swede's trial set for final stage

The mother of Swedish Pirate Bay co-founder Gottfrid Svartholm Warg has told The Local about her son's "suffering" in jail ahead of the final stages of his trial. READ  

Suspected Ebola case ruled out in Sweden
Photo: Fredrik Sandberg/TT

Suspected Ebola case ruled out in Sweden

UPDATED: Officials at a Stockholm hospital reported that they had found a suspected case of the Ebola virus on Sunday night. But the case was dismissed on Monday. READ  

Murderer on the loose after breakout

Murderer on the loose after breakout

A 34-year-old man who killed a child is on the run after he broke out of a psychiatric ward in central Sweden. READ  

Skåne floods
Huge clear up underway after Skåne floods
A Malmö bus under water. Photo: Stig Åke Jönsson/TT

Huge clear up underway after Skåne floods

Flood waters subsided in the southern Sweden region of Skåne on Monday, after flash flooding saw chaos on roads and trains at the weekend. READ  

Elections 2014
Sweden's Alliance reveals full manifesto
Photo: Henrik Montgomery/TT

Sweden's Alliance reveals full manifesto

UPDATED: Leaders of the Moderate Party, the Centre Party, the Liberal Party and the Christian Democrats have announced their complete list of election promises in Stockholm's Nacka. READ  

Zlatan scores hat trick in PSG thrashing
Photo: AP

Zlatan scores hat trick in PSG thrashing

Champions Paris Saint-Germain thumped Saint-Etienne 5-0 as Bordeaux saw their 100 percent record at the start of the Ligue 1 season ended on Sunday with a 1-1 draw against Bastia. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Tech
Sweden's highest peak to lose title next year
Politics
How immigration became a key election issue
Society
Brit's life in Sweden becomes BBC radio show
Gallery
People-watching August 27
Gallery
Top ten false friends in Swedish
Blog updates

25 August

Hit och dit, här och där (The Swedish Teacher) »

" Hej igen! A common challenge for Swedish language students are the location adverbs hit/här, dit/där, hem/hemma etc. Some of the location adverbs come in two versions. We should use one type of location adverb when we use a verb describes where we are, and we should use the other type of location adverb when we the verb..." READ »

 

25 August

The Dollar Store (Blogweiser) »

"A dollar store in Sweden. Blog post: http://t.co/tNuuvcP1q0 #USD #greenbacks #sweden #sverige pic.twitter.com/RHFAYf7U1k — Joel Sherwood (@joeldsherwood) August 23, 2014 There’s a chain here in Sweden called The DollarStore. This name always stood out to me in a country where they don’t use dollars. I went there for the first time this weekend. They actually accepted greenbacks..." READ »

 
 
 
National
Roma advocate scoops Wallenberg prize
Society
Meet the man who made a Swedish store recall its high heels for kids
Business & Money
'How I came to run my own business in Sweden'
Politics
Expert explains why Sweden's election oozes uncertainty
National
City plays Schindler's List theme at Nazi rally
Society
For Stockholm Fashion Week, here's the A-Z of Swedish fashion
National
'Amnesiac' man avoids deportation for ten years
Gallery
Princess Estelle through the years
Business & Money
Swedish city all set for six-hour workday trial
Business & Money
Five golden rules for the Swedish job hunt
Sponsored Article
Graduates: Insure your income in Sweden with AEA
Gallery
People-watching August 22-24
National
Armed royal guards caught (very) drunk on the job
National
Sweden orders textbook on Roma discrimination
Gallery
Violent anti-Nazi demonstrations in Malmö
Society
A closer look at Sweden's five official minority languages
Gallery
See the destruction from the southern Sweden floods
Politics
'Sweden Democrats hold the key to elections'
Society
Swedes celebrate first day of smelly fish season
Sponsored Article
Find out what gives this Swedish school executive appeal
Sponsored Article
Introducing...Your finances in Stockholm
Sponsored Article
Introducing...Housing in Stockholm
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

754
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
http://psdmedia.se