Last Auto Account –
Ford afresh arise that it aims to complete the auction of its Volvo Cars assemblage to a Chinese company, Zhejiang Geely Holding Group, ancient in 2010. What the accord agency for Volvo’s safety-based character isn’t clear, which has prompted some above admiral to articulation concern.
Autoblog explains, “The above advisers acquainted Geely didn’t acquire the banknote or articles to accumulate Volvo aggressive and there was aswell a faculty that Geely would somehow change how Volvo was run.”
Reuters is now advertisement that the advisers acquire annihilation to anguish about, at atomic for the abbreviate term: “Volvo’s accepted production, analysis and development facilities, abutment agreements and banker networks will all be larboard intact, said Li Shufu, the architect and administrator of Zhejiang Geely Holding Group, the ancestor of Geely Auto.”
Left Lane Account explains that Geely’s primary absorption in Volvo is to aid in the development of new energy/alternate ammunition vehicles. They agenda Geely “hoped to abate some of the assembly costs for Volvo, in accession to accretion the Volvo cast into the Chinese market.”
So what does this beggarly for consumers? For now, Volvo purists can blow simple in the ability that their Swedish cast will abide intact. Of course, annihilation could arise if (and if) the auction goes through ancient next year.
See Volvo models book in our rankings. Plus, analysis out the U.S. Account rankings of this year’s best cars as able-bodied as this month’s best car deals.
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