Chinese car maker Geely, whose only claim to fame is the recent buy out of the Volvo brand from Ford is planning to grab headlines as the maker of the world’s cheapest car by launching a small hatchback based on the IG Concept which was shown at the Beijing Auto Show.
The car is expected to [...]
…………………The Automobile Lovers Breed…………………
Budget, Geely, Tata Motors
May 6th 2010 | Posted by admin
Ford, Geely, Volvo
March 29th 2010 | Posted by admin
China’s largest private run car maker, Zhejiang Geely Holding Group has today agreed to buy Ford motor company’s Volvo car division for $1.8 bn, country’s biggest overseas auto purchase. The sale will be closed by the third quarter of this year, pending regulatory approvals.
The final purchase price includes some of Volvo’s intellectual property and physical [...]
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