Geely Automble Hldgs.
Yulon Chief Executive Kenneth Yen and Geely Chairman Li Shufu will sign an agreement on the cooperation when Li visits Taiwan next month, the report said.
die chinessen brauchen keine Qualität ...
http://www.chinatoday.com.cn/chinaheute/2006/s2006n1/p11.htm
denke nicht das wir nochmal unter die 20 cent gehen, geely hangelt sich stück für stück nach oben. das große Interesse ist im Moment noch nicht bei dem Titel, das wird sich aber Meinung nach bald ändern. man schaue nur auf die kursentwicklung von byd. langfristig denken
China's Zhejiang Geely Holding Group Co., chosen last month as lead bidder for Ford Motor Co.'s Volvo unit, has developed a turnaround plan in which the money-losing Swedish auto maker would sell nearly one million vehicles a year. The plan centers on China but also sets ambitious goals for Volvo's traditional markets of Europe and North America.
Geely executives see a long slog to seal the deal, however, a process complicated by intellectual-property issues, according to a person close to Geely.
The person confirmed that Geely, one of China's biggest privately owned auto makers, is financing a roughly $2 billon bid for Volvo with a combination of cash, bank loans and funds from a small number of investors. He said those investors include a government-owned fund based in Tianjin, China, and a relatively well-known foreign investor. The person didn't give details.
Under its plans for Volvo, Geely would build a new Volvo plant in China capable of producing 300,000 vehicles a year as it looks to draw on China's market potential and inexpensive labor to raise sales and cut costs. But for now it is ceding more sophisticated engineering to Volvo's Swedish operations, an aspect of the plan that could help allay fears of lost jobs in Sweden.
Geely believes Volvo has the potential to sell 200,000 cars a year in China, up from 12,600 vehicles last year. It forecasts selling nearly one million cars a year globally within four or five years, compared with recent annual sales of around 400,000 vehicles. Geely wants to use Volvo's manufacturing capacity fully in Europe to sell 600,000 vehicles in Europe and North America.
Full story
Gasgoo: auto parts source
Kennt jemand die Eckdaten wie MK, letzte GV etc. p.p.
Halt so alles was man wissen sollte, bevor man in den Titel einsteigt.
Danke im Vorraus.
Gruss
Decon
From:BloombergNovember 20, 2009
China's Zhejiang Geely Holding Group wouldn't say where it's getting financial backing for a bid to buy Volvo Cars from Ford Motor Co., unions said Thursday.
Geely Chairman Li Shufu, the billionaire founder of Geely Automobile Holdings Ltd., China's biggest private automaker, gave assurances that Volvo's main plants in Sweden and Belgium will stay open, Glenn Magnusson of the Ledarna union said.
The four unions involved will hire a consultant to review the takeover plan's viability and "dig" into the financing question, Magnusson said in a phone interview. While Geely says its backers include Chinese banks, labor leaders are concerned that the government may ultimately be behind the takeover.
"It was a sensitive question for the Chinese," Magnusson said. "The answer we got was that Geely Holding is the main investor in buying Volvo. They didn't answer more than that. We may not find out until the final phase of the negotiations."
Li affirmed that there is no plan to meld the Volvo and Geely brands and that the Swedish company's base will remain in Gothenburg, Magnusson added. The official said yesterday that "things may be rosy" while the Chinese government views Geely favorably but that Volvo may lose out if that attitude changes.
The IF Metall union's Mikael Saellstroem said Li "was clear Volvo will have substantial growth" under the Geely plan and will seek to recoup lost market share in the U.S. The two main European plants may even add capacity and production at a factory in China will increase to serve the local market.
Magnus Sundemo, head of Volvo's engineering union and also at the talks, said yesterday that knowing who is backing Geely is "crucial in order to understand if they're long- term players and have the financial muscle to handle this."