AUTOWEEK: Ford names China's Geely as preferred bidder for Volvo

[divideandconquer]

Ford names China's Geely as preferred bidder for Volvo
By DOUGLAS A. BOLDUC, AUTOMOTIVE NEWS EUROPE


Chinese automaker Geely Group Holding Co. is Ford Motor Co.'s preferred bidder to purchase Volvo Car Corp.

Ford said Wednesday that it will start more detailed negotiations with Geely, adding that no final decisions have been made.

"Ford believes Geely has the potential to be a responsible future owner of Volvo and to take the business forward while preserving its core values and the independence of the Swedish brand," Ford Chief Financial Officer Lewis Booth said in a statement.
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<http://www.autoweek.com/article/20091028/CARNEWS/910289998>
Read more: http://www.autoweek.com/article/20091028/CARNEWS/910289998#ixzz0VEmiQlJC

LOT OF PEOPLE LAUGHING HERE AT DU LATELY ABOUT CHINESE CAR CRASH TESTS, THE CHINESE WILL FIX THAT VERY QUICKLY.







Read more: http://www.autoweek.com/article/20091028/CARNEWS/910289998#ixzz0VEmiQlJC

[Gidney N Cloyd]

1. The Chinese will fix *what* very quickly? The cars or the tests?

Or will it just not seem funny anymore?

[divideandconquer]

3. They'll have slave labor built Volvos with excellent crash tests and repair records

Consumer Reports will love it.

[Kajsa]

2. What "independence of the Swedish brand,"?

Ever since Ford bought Volvo, the cars have looked like
every other Japanese model out there.

Are the Volvo crash test ratings the same?

i don't think so.

[HopeHoops]

4. Great - now WalMart can sell Volvos

Just like all of the other "high quality" :sarcasm: shit from China in the big box.

[blue_onyx]

5. I was wondering...

when the Chinese companies would go after some US brands. I thought a Chinese automaker would buy Saturn but they didn't.