Geely’s very public pursuit of Volvo has managed to make headlines on a fairly regular monthly basis for the better part of the year, and just as we were beginning to fear the deal would be clinched, it seems negotiations have reached an impasse. According to sources close to the discussions, Geely’s interest in acquiring Volvo’s intellectual property rights as a part of the brand’s purchase have caused Ford to balk.
Ford, which is already battling the ramifications of internal corporate espionage in their China branch, is apparently reluctant to hand over Volvo’s schematics and, ipso facto, their competitive edge. Compounding Ford’s justifiably skittish response is Geely’s spectacular track record for questionable corporate ethics as well as their dazzling display of copyright infringement.
Maintaining a stiff upper lip, neither Ford nor Volvo volunteered to officially comment on the matter which, given the unerring accuracy of the Geely/Ford/Volvo grapevine, is rapidly becoming their unofficial method of confirmation.
As always, we’ll keep you posted on this ongoing saga as it unravels.