Geely chairmn Li Shufu attends a business event in Shanghai October 30, 2009.
Despite the significant setbacks currently (fortunately) plaguing Geely’s bid to acquire Volvo, the optimistic Chinese automaker is continuing to roll out its proposed business plan for what it hopes will be its future subsidiary.
Apparently attempting to distract from its larger objective of raping Volvo of all relevant technology and eventually destroying it entirely, Geely announced today their intention to boost Volvo’s sales output to 1 million units a year. To achieve this lofty goal, Geely intends to draw heavily from the untapped Asian market and erect a factory in China purportedly capable of producing 300,000 Volvos. Of those 300,000 vehicles, Geely expects 200,000 to be sold exclusively in China, which would be a significant jump from the 12,600 sold last year. To further solidify Volvo’s market presence, Geely also has tentative plans to introduce 2-3 larger, more luxurious models to the line-up that, based on Geely’s demonstrated inability to create an original, quality product, one can safely assume will be a carbon copy of the Mercedes-Benz S class.
More on this thinly disguised get-rich-quick scheme as it develops.
Image Cred: Reuters Pictures