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Geely Emerges As Volvo’s Sole Bidder As Sell-By Date Looms

Posted in auto industry, Ford, Foreign Cars, Newsworthy, Volvo by Suzanne Denbow | August 31st, 2009 | 2 Responses |


In direct contrast to reports circulated back in April that hinted at the existence of a mysterious potential European buyer, sources have now confirmed that sole bidder expressing interest in acquiring Volvo from Ford is China-based Geely Automotive. Generally regarded as a taint on the automotive industry, Geely is most reputable for its comically poor safety ratings and, as of late, copyright infringement. Rather than repair their tarnished image by producing original, innovative, quality products, Geely has set their sights on Volvo in hopes of leeching from what’s left of their reputation.

Shortly after news of Geely’s intentions swept the industry, Volvo Car Corp. President & CEO Stephen Odell hosted a press conference at the Geneva Motor Show, dismissing the suggestion that Ford would whore Volvo out to any Chinese automaker and confidently asserting that Volvo’s sales would be on a upward trend by fall. Unfortunately, Ford themselves appeared of a conflicting opinion as news broke shortly thereafter revealing “Project Nile,” an internal Ford team created with the sole objective of preparing Volvo for sale by the end of 2009.

Following that revelation, Ford, who had previously positioned themselves above the deplorable corporate tactics of fellow Detroit automaker, GM, remained suspiciously quiet on the matter and has yet to offer an official statement clarifying the situation.

Editorial note: Much of Ford’s well-publicized success can be directly attributed to both their quality product and perceived business ethics. If Ford follows through with their assumed intentions, they will directly undermine any integrity or ethics previously assigned to them – regardless of how well PR is able to spin it.

Source: Auto News

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2 Responses

  1. Dustin May says:

    Oh, Suzanne. Don’t be so dramatic. You’re just bitter that your beloved Volvo might come under Chinese ownership.

    Look at it this way: Maybe Geely will use Volvo to make their own cars safer. It may not help with the blatant ripping off of US and European body designs — something rampant throughout all industries in China — but it could help them to be a better car company.

    Or, maybe not. I’m trying to stay positive on this one, but I might need more breakfast scotch.

  2. Suzanne Denbow says:

    Dustin: Thanks for reminding our younger readers about the dangers of experimenting with crystal meth.