Chinese Carmaker Completes Purchase of Volvo

Chinese car manufacturer Geely has completed its purchase of Volvo. From the New York Times: The Chinese carmaker Zhejiang Geely Holding Group said Monday that it had completed the purchase of Volvo Car Corp. from Ford Motor and...

China’s Geely Challenge: High Hopes, Hard Reality

From AP: Chinese tycoon Li Shufu’s car company Geely has a knack for giving its vehicles oddball names: Gleagle, King Kong, Englon. Not as memorable for buyers of the King Kong and its stablemates is a standard of quality...

For Volvo, a New Life Under Chinese

A new deal has been announced by Ford to sell Volvo to the Chinese car manufacturer Geely. From the Wall Street Journal: China’s Zhejiang Geely Holding Group Co. agreed to buy Volvo cars from Ford Motor Co. on Sunday for...

The dragon at Detroit’s gate – Gal Luft

From Asia Times: With their market share sliding, their bonds downgraded to junk and their quarterly reports showing 10-digit losses, the Big Three – DaimlerChrysler, Ford and General Motors – are facing a challenge far more formidable than the Japanese onslaught of the 1970s. With 1.3 billion people, an economy growing at a sustained rate […]

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