• 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
Gaza & Robin Williams: Swedes' Google habits
Actor Robin Williams. Photo: AP

Gaza & Robin Williams: Swedes' Google habits

The internet search giant has revealed what Swedes googled for most over the summer period with the top 10 made up of diverse search topics ranging from sport to wasp stings READ  

Dad jailed for assaulting his infant twin sons
Photo: Jessica Gow/TT

Dad jailed for assaulting his infant twin sons

A man in central Sweden was sentenced to prison for aggravated assault on Friday after doctors noticed that both his twin sons had sustained serious and unexplained injuries. READ  

Swedish city all set for six-hour workday trial
Clocking in. File photo: Shutterstock

Swedish city all set for six-hour workday trial

Officials finalized plans on Friday for the "Gothenburg guinea pigs" who will test out the six-hour workday, a move it's hoped will cut down on sick leave, boost efficiency, and ultimately save Sweden money. READ  

Armed royal guards caught drunk on the job
Photo: Gunnar Lundmark/TT

Armed royal guards caught drunk on the job

Three Swedish soldiers risk prison after they were found to be drunk while guarding Stockholm's Royal Palace. The men, who were all armed at the time, were charged on Friday. READ  

Stockholm
What do the Swedes do when summer's over?
Photo: Isabela Vrba

What do the Swedes do when summer's over?

The heatwave is well and truly over, the days are getting shorter, and winter is coming. With this in mind, The Local's Isabela Vrba chatted to ten Stockholmers about how they plan to tackle the autumn. READ  

Swedes spend fortune on nail polish trend
Photo: Bertil Ericson/TT

Swedes spend fortune on nail polish trend

Swedes are spending more than ever on makeup - and a growing chunk is going directly to their fingernails, new figures showed on Friday. READ  

Sweden mulls stripping paracetamol from shops
The pharmacy section of a grocery store. Photo: Fredrik Sandberg/TT

Sweden mulls stripping paracetamol from shops

After a drastic increase in the number of paracetamol poisonings in Sweden, authorities have said the drug should only be available in pharmacies. READ  

Listeria fears prompt meat recall in Sweden
File photo: Andreas Hagerman/Flickr

Listeria fears prompt meat recall in Sweden

After finding traces of listeria in ham sold in Sweden, food companies decided on Friday to recall several Danish cold cuts. READ  

Sweden Floods
More rain expected as floods hit day four
Photo: Johan Nilsson/TT

More rain expected as floods hit day four

UPDATED: Sweden's floods showed no signs of abating over Thursday night, with highways closed, emergency teams working overtime, and more rain on the way. READ  

Ikea opens first store in the Balkans
An Ikea city centre store in Hamburg. Photo: TT

Ikea opens first store in the Balkans

Swedish furniture giant Ikea has opened its first store in the former Yugoslavia, near Croatia's capital Zagreb. The move marks the company's first step in an expansion to the Balkans market. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Politics
'Sweden Democrats hold the key to elections'
Society
Swedes celebrate first day of smelly fish season
Politics
Sweden elections: How do they work?
Finest.se
Gallery
People-watching August 20th
Society
Did you know the Bronx in NYC was named after a Swede?
Blog updates

17 August

Sea Fever (Around Sweden in a kayak) »

"I’m going to keep this post short and sweet as its not something I take any pleasure in writing. After much deliberation I have made the heartbreaking decision to abandon my trip after 1200km due to reoccurring injury. It is not a decision I have made lightly and it is one that has been truly devastating..." READ »

 

17 August

St. Louis strong (Blogweiser) »

"It’s typically a bad sign when my hometown makes news in Sweden. St. Louis was in the headlines here a few years ago when a tornado struck the airport. The city also caught attention after a politician talked about ‘legitimate rape’. Now, shooting and riots this week in Ferguson, a part of St. Louis, are..." READ »

 
 
 
Politics
"Iraq reminds me of the Yugoslav wars. It's the same story."
Society
Swedes slam Danes for 'racist' art
National
Majority of Swedes favour more or just as many refugees
Society
Lock your bathrooms: Swedish toilet invader on the the loose
Politics
'Assange will not leave until safe'
Gallery
See more images from the southern Sweden floods
Sponsored Article
Find out what gives this Swedish school executive appeal
Society
Serial chicken smuggler caught at Norway border. Again.
Society
This gold coin may be the key to solving a Swedish massacre
Shutterstock
Lifestyle
The Swedish mentor (and why you may need one)
Politics
Reinfeldt calls for tolerance to refugees
Gallery
People-watching August 16-17
National
Sweden celebrates 200 years of peace
Society
Top ten literal Swedish words
Politics
'Terror training should be illegal': Liberal Party
Gallery
Swedes talk about 200 years of national peace
Politics
Islamic extremist shakes Sweden with TV threat
National
Teacher fined for 'Hitler salute' in German class
Features
Kiruna residents talk life in a town on the move
Skatteverket
Sponsored Article
Introducing... ID cards and permits in Stockholm
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

734
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