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Geely signed among the luxury car buying Volvo camp - China mechanical alarm watch by xiaod sfb
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Geely signed among the luxury car buying Volvo camp - China mechanical alarm watch by XIAOD SFB
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| Article Posted: 03/02/2011 |
| Article Views: 137 |
| Articles Written: 1384 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 348 |
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Geely signed among the luxury car buying Volvo camp - China mechanical alarm watch |
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Business,Business News,Business Opportunities
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Success of China's private car enterprise bargain-hunting foreign vehicle assets. Yesterday, Zhejiang Geely Group and Ford Motor in Sweden signed the final stock purchase agreement, Geely Group, invested 1.8 billion U.S. dollars, the latter's acquisition of Volvo Car Corporation 100% of the equity-related assets (including intellectual property rights). Geely hopes to produce a cheap car to change the image, among the luxury cars. It is reported that Geely Group for the acquisition to raise about 30 billion U.S. dollars, money from China, the United States and Europe number of banks in Sweden and Belgium, the Government provides low-interest loans for the acquisition security. Informed sources, far more than the amount of acquisition financing amount should be the requirements of Ford and Volvo. Geely chairman Li Shufu said the acquisition of the Chinese auto industry to a landmark, but also new opportunities for the auspicious. Geely Group, had been busy restructuring the image from the production of cheap cars to the production of products with added value. The Volvo Cars is world-renowned luxury car brands, so acquisition or help Geely Group to achieve transformation goals. When asked, "Volvo Car Corporation for 4-year losses more than 30 billion U.S. dollars, Geely Group, how to respond when?" Geely Group executives said it would cost advantage of China and China's huge consumer market, so that Volvo Cars Company rebirth. Geely Group, according to the planning, acquisition of Volvo, will be set up in the domestic production capacity of approximately 300 000 new factories, and the next 4-5 years, Volvo's global production capacity of 1 million; strive to turn around in 2011 . In addition, to ensure the quality stability and other factors, high-end production of the engine is still in Sweden.Geely signed among the luxury car buying Volvo camp - China mechanical alarm watchGeely signed among the luxury car buying Volvo camp - China mechanical alarm watch The e-commerce company in China offers quality products such as China mechanical alarm watch , China mechanical wrist watch, and more. For more , please visit automatic skeleton watch today!
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