Projo Cars Blog

China's Geely eyes bid for Ford's Volvo car

9:20 AM Wed, Sep 09, 2009 |
Peter C. T. Elsworth    Email

SHANGHAI/HONG KONG - China's Geely Automotive said its parent company plans to bid for all of Ford's Volvo Car, becoming the latest Chinese automaker to chase a foreign marque in a global industry shakeup, according to Reuters.

The privately owned Chinese carmaker said on Wednesday its parent Geely Holding Group Co wants to bid for the Swedish group which media reports have valued at close to $2 billion.

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