Guangzhou Auto may buy Volvo car operations
Guangzhou Automotive Industry Corp is considering buying Ford Motor's Volvo car business, with a bid possible only after IPOs by the Chinese automaker in Hong Kong and Shanghai, the South China Morning Post reported.
Guangzhou Automotive has two foreign joint-venture partners with Honda and Toyota.
Last month, Chinese media reported that domestic producer Chery Auto was considering buying Volvo's car assets.
Ford bought the Volvo car business for 6.45 bln usd in 1999.
1 comment:
We are truly thankful for your blog entry. You will discover a great deal of methodologies in the wake of going to your post. I was precisely scanning for. A debt of gratitude is in order for such post and please keep it up.
2018 volvo xc60 accessories
Post a Comment