March 21, 2010
The following articles have been tagged with "Geely":
Business & Money: 10 Mar 10
Chinese car maker Zheijiang Geely Holding Group is a step closer to becoming the new owner of Swedish firm Volvo Cars after announcing that it had secured the 15 billion kronor ($2.1 billion) in financing.
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Business & Money: 1 Feb 10
Chinese car maker Geely has declared its intention to keep Volvo production in Sweden after completing the purchase of the company from US auto giant Ford, saying that it wants to protect Volvo's brand image.
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Business & Money: 26 Jan 10
Geely aims to manufacture 300,000 cars a year in China, but intends to keep Volvo’s Swedish operations intact, according to plans the company has presented to Chinese authorities.
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Business & Money: 20 Jan 10
As China’s Geely Group prepares to purchase Volvo Cars, suppliers and unions have expressed concerns about unauthorized copying of the Swedish carmaker’s technology.
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National: 13 Jan 10
Volvo Cars is set to thrive under new management after Ford completes the sale of its Swedish brand to Chinese automaker Geely, Ford CEO Alan Mulally said Tuesday.
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National: 10 Jan 10
The Swedish Government has evidently not given up hope that the ailing Swedish-based Saab Automobile can be saved, as a delegation makes its way to General Motors headquarters in Detroit.
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National: 9 Jan 10
Chinese carmaker Geely, which is poised to acquire Swedish auto brand Volvo from US giant Ford, plans to expand the production of Volvo cars in China, according to media reports.
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National: 9 Jan 10
General Motors announced on Friday it had begun "an orderly wind-down" of its Swedish unit Saab, but would consider any late proposals for the brand, in a move drawing protests from Sweden.
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National: 8 Jan 10
General Motors have taken the decision to start official proceedings to wind down the Saab Automobile organisation in Trollhättan.
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Business & Money: 7 Jan 10
The CEO of General Motors expressed doubts on Wednesday about the likelihood of a last-minute deal to save Saab Automobile from being shut down.
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Business & Money: 31 Dec 09
Geely Automobile's executive director has said it will look at ways to collaborate with Volvo once its parent group completes the acquisition of Ford's Swedish unit, adding that the deal had the backing of the Chinese government.
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Business & Money: 26 Dec 09
Volvo will remain intact if Chinese carmaker is successful in its bid to purchase the Swedish brand from US auto manufacturer Ford, according to Geely's top executive, who was quoted by the state-run Chinese media on Friday.
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National: 25 Dec 09
Ford's Wednesday announcement that it would sell its Swedish auto brand Volvo to China's Geely met a chilly reception in the Swedish media this week.
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National: 23 Dec 09
Enterprise Minster Maud Olofsson was joined by leading Social Democrats on Wednesday in welcoming a deal over the sale of Volvo Cars to China's Geely. But labour group Unionen expressed concern for the future of the Swedish marque.
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Business & Money: 23 Dec 09
The Geely group, which US auto giant Ford said Wednesday had agreed to terms for buying its Swedish brand Volvo, began as a refrigerator parts supplier but, in just two decades, has grown into one of China's largest private carmakers.
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Business & Money: 23 Dec 09
US auto giant Ford confirmed late on Wednesday morning that an agreement has been reached to sell Volvo Cars to Zhejiang Geely Holding.
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National: 23 Dec 09
In what has been a tumultuous month for the Swedish auto industry, Chinese carmaker Zhejiang Geely Holding could close a deal with American Ford on Wednesday for the purchase of Volvo cars.
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Business & Money: 12 Dec 09
Chinese automaker Geely is not a suitable owner of Volvo Cars, according to eight former Volvo directors. But Volvo Cars management has dismissed the opposition to the deal as bordering on xenophobia.
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Business & Money: 8 Dec 09
Chinese automaker Geely resumed trading of its Hong Kong-listed shares on Tuesday afternoon following confirmation of strong sales figures announced on Monday.
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Business & Money: 8 Dec 09
Chinese automaker Geely suspended trading of its Hong Kong-listed shares on Tuesday to clarify statements it made about Volvo Cars the previous day.
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Business & Money: 7 Dec 09
The Swedish consortium Jakob said on Monday it is ready to buy Volvo Cars if the opportunity arises.
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Business & Money: 3 Dec 09
The international consortium Crown, which includes former Volvo head Roger Holtback, has submitted a revised offer to buy Volvo Cars.
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Business & Money: 27 Nov 09
The prospective buyers of Sweden-based Volvo Cars, Chinese firm Geely, have confirmed that they have secured the necessary financing for the deal.
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Business & Money: 24 Nov 09
A group headed by Swedish sports car maker Koenigsegg has broken off negotiations over the purchase of Saab Automobile, the prospective buyer said in a statement.
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National: 21 Nov 09
A further two consortiums are set to compete with China’s Geely, the front runner to purchase Volvo Cars from Ford, and are expected to submit offers in the coming week.
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Business & Money: 11 Nov 09
China’s Geely, the front runner to purchase Volvo Cars from Ford, wants to build a factory in China to help increase Volvo sales to one million vehicles, according to US media reports.
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Business & Money: 2 Nov 09
Volvo Cars posted a much improved third quarter result on Monday, losing only $135 million compared with the $458 million the company lost a year ago.
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Analysis & Opinion: 29 Oct 09
Geely Automobile's confirmed bid for Volvo is evidence of China's growing economic clout, but analysts say the company will face the tough challenge of ensuring the Swedish brand's reputation for safety, writes AFP's Allison Jackson.
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National: 28 Oct 09
Chinese automaker Geely is the only remaining bidder for the purchase Volvo Cars.
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Business & Money: 25 Sep 09
Ford's plans to sell Volvo to Chinese carmaker Geely for $2.5 billion are proceeding, according to reports.
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Business & Money: 16 Sep 09
Chinese automaker Geely, which had previously indicated its intentions to own 100 percent of Volvo Cars, has scrapped plans to put together a bid for Ford’s troubled Swedish subsidiary.
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Business & Money: 9 Sep 09
Sweden's Koenigsegg Group has brought on Chinese auto company Beijing Automotive Industry Holding Co Ltd (BAIC) to secure the financing needed to buy Saab from General Motors, Koenigsegg said on Wednesday.
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Business & Money: 8 Sep 09
Chinese car giant Geely confirmed on Tuesday that it is considering a bid for Ford's Swedish subsidiary Volvo Cars.
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Business & Money: 17 Aug 09
Volvo Cars' one-time parent company Volvo Group has thrown cold water on claims that it is mulling membership of a consortium working to bring the auto maker back to Sweden.
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Business & Money: 15 Aug 09
A new consortium dominated by Swedish owners has at the last minute joined in the battle to purchase Volvo Cars from Ford, according to media reports.
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Business & Money: 6 Aug 09
Chinese automaker Geely is putting the finishing touches to a bid to become a majority owner of Volvo Cars as head of a consortium that will also include an undisclosed Swedish investor, business daily Dagens Industri reports.
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Business & Money: 18 Jun 09
Volvo Cars is to be sold to Chinese automaker Geely following an initial agreement with Ford, according to media reports in China. But representatives from both companies deny any deal is in the works.
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Business & Money: 12 May 09
Three bidders from three different countries are said to be the most likely buyers for Saab Automobile, according to an unnamed source with Saab's owner, General Motors (GM).
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Business & Money: 11 May 09
The sale of Swedish car maker Saab Automobile is entering its closing stages with only two or three interested parties remaining in the hunt for the firm.
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Business & Money: 20 Apr 09
Chinese auto company representatives interested in buying Volvo Cars from Ford will be heading to Sweden next week to visit the troubled Swedish carmaker’s European headquarters.
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Business & Money: 29 Mar 09
Chinese car makers are too small to take over troubled Swedish firm Volvo despite the persistent rumours of an imminent bid, market analysts have said.
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Business & Money: 27 Mar 09
Rumours of a potential deal for troubled Swedish automaker Volvo forced China's largest independent carmaker Geely Automobile to suspend trading of its shares on Friday.
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Business & Money: 25 Mar 09
US car maker Ford revealed on Wednesday it is in detailed talks with potential buyers for its Volvo Cars subsidiary.
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Business & Money: 10 Mar 09
A group of Swedish-led investors may be preparing a bid to buy Volvo Cars, according to a media report.
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Business & Money: 4 Mar 09
A number of potential bidders, including two Chinese automakers, have shown an interest in purchasing Saab, sources with knowledge of the situation said on Tuesday.
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