Tag Archives: holding-group

The Sleeping Giant China is really unstoppable in the business world. Zhejiang Geely Holding Group, a Chinese car company has signed a binding deal to by Volvo cars from Ford Motors for $1.8 Billion Dollars. It is still subjected to regulatory approval which will be finished by the third quarter of this year. It was signed by Geely’s chairman, Li Shufu and Ford Chief Financial Officer Lewis Booth, and witnessed by Li Yizhong, the Chinese minister of industry and information technology, as well as Swedish Minister for Enterprise and Energy Maud Olofsson. “China, the largest car market in the world, will become Volvo’s second home market. Volvo will be uniquely positioned as a world-leading premium brand, tapping into the opportunities in the fast-growing China market,” Li said. This thing that has happened is really showing that China is stoppable in the business world. China Co. Buys Volvo for $1.8 Billion Dollars is a post from: Daily World Buzz Continue reading →