Geely is sole bid for Volvo
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STOCKHOLM - CHINA'S Geely Automotive has submitted the only concrete bid so far for Ford Motor-owned carmaker Volvo Car Corporation, a business daily reported on Saturday, citing an undisclosed source.
The US carmaker put money-losing Volvo Cars up for sale in December last year as it looked to cut costs and raise cash in the face of plunging industry-wide auto sales.
The firm said in July it was in discussions with a number of parties on the car maker.
An announcement of which suitor Ford had selected to initiate final takeover negotiations with was expected some time next month, Swedish business daily Dagens Industri reported.
'It is necessary if the deal is to be completed before the turn of the year, which Ford has set as a target,' the newspaper cited a source involved in the sales process as saying.
A Volvo Car Corporation spokeswoman declined to comment on the report. -- REUTERS -
cool
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let's see.. the makers of deathtraps on wheels are bidding for the makers of the safest cars on the roads...
this will be interesting
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why doesn't volvo group buy back volvo cars... sian.
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Alamak...I thought the rumour is off a few months back....
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Originally posted by SBS7484P:
why doesn't volvo group buy back volvo cars... sian.
Yeah. Why why why.
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Originally posted by SBS7484P:
why doesn't volvo group buy back volvo cars... sian.
business model la.commercial truck production, regulations, technologies is different to petrol car production ya?
think is it better to stick to commercial if you cant handle both type of business structure at the same time?
jus my 1 cent,
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Originally posted by mh2:
business model la.commercial truck production, regulations, technologies is different to petrol car production ya?
think is it better to stick to commercial if you cant handle both type of business structure at the same time?
jus my 1 cent,
Fundamentally speaking, there shouldn't be a problem. All are from the Volvo family. Volvo trucks/buses can buy over the car arm and leave them to their own business.
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Frankly i prefer if Proton take over Volvo rather than Lotus.At least can gain more knowledge and profits
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Originally posted by the Bear:
let's see.. the makers of deathtraps on wheels are bidding for the makers of the safest cars on the roads...
this will be interesting
what he said
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Originally posted by carbikebus:
Frankly i prefer if Proton take over Volvo rather than Lotus.At least can gain more knowledge and profits
Agreed. Safety and build quality will improve if Proton bought Volvo. And, given the sizeable collection of platforms and technological elements... Proton will fare better...
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woah gee...wat?
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Originally posted by Volvo_Volgren:
Agreed. Safety and build quality will improve if Proton bought Volvo. And, given the sizeable collection of platforms and technological elements... Proton will fare better...
Since Persona and Exora launch Proton has already improved in terms of quality wise except they need more experience in buliding more refined engine.Lotus only assists them in handling and chassis...Volvo got many great 5 cylinders engine.Current Director of Quality is Dr Eppel an ex-BMW Quality executive. -
Originally posted by carbikebus:
Since Persona and Exora launch Proton has already improved in terms of quality wise except they need more experience in buliding more refined engine.Lotus only assists them in handling and chassis...Volvo got many great 5 cylinders engine.Current Director of Quality is Dr Eppel an ex-BMW Quality executive.God, how I love naturally-aspirated Volvo 5-cylinder engines. Sounds wonderfully deep and offbeat, a nice burble. Like the sound of a V10 on 50% discount.
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True...That's my dream car if i got the $$$$$$,For now i'm contented with experiencing both Honda and Proton cars..
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Originally posted by carbikebus:
Since Persona and Exora launch Proton has already improved in terms of quality wise except they need more experience in buliding more refined engine.Lotus only assists them in handling and chassis...Volvo got many great 5 cylinders engine.Current Director of Quality is Dr Eppel an ex-BMW Quality executive.Proton is lucky to have Lotus under their wings, but they are not making full use of it. I feel that, currently, Proton's lineup is very half-hearted. Neither here nor there. Their cars handle quite nicely thanks to Lotus inputs but not class-leading. Some are sporty cars (e.g. Satria Neo), some are sensible cars (e.g. Persona & Exora). They should be focused. And I think they can focus in either directions:
1) Be on par with Japanese, or Koreans at least, in terms of dynamics, design and build quality.
2) Go the sporty way since they can employ the help of Lotus. Incorporate Lotus more in their R&D stage. Design more sports cars and sports sedans. Give their brand a sporty image.
Just my 2 cents worth. I think no. 2 is the way to go since they have Lotus. Don't waste the talents over at Lotus. See what they did to a Lada Riva in Top Gear Season 1?