Geely’s takeover of Volvo-

Geely’s takeover of Volvo–

Introduction

Volvo is a famous Sweden automobile-manufacturingbrand that was founded in the year of 1927. It has a worldwide reputation for its safety and Ford motor company bought it in 1999.

However, sales of Volvo kept dropping in the past couple of years. Further, the financial crisis resulted in great losses of Volvo. It became a heavy burden for Ford, soFord Motor signed a contract in Sweden to sell its Volvo brands to Geely on 28th March 2010. The Chinese automaker, Zhejiang Geely Holding Group began to possess the Volvo at the cost of 1.8 billion U.S. dollars after more than eighteen months of negotiations. Geely owned 100 percent of Volvo Cars and its related assets after the definitive stock purchase deal. This is the biggest overseas acquisition by a Chinese automaker.

………………………………………………………………………………………………………………….Place an order with us to get a customized paper similar to this or any related topic. NB: The assignment will be done from scratch and it will be 100% original.

Posted in Uncategorized

Leave a Reply