Ford will continue to make Volvo cars at its China car venture
By Andrew C., 26 Aug, 2010. 0 Comments
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Even after the planned purchase of the Volvo brand by Geely is completed, Ford Motor Co. will still make Volvo S40 and S80 models at its China car venture for some time, according to a Geely official. There is a three-way tie-up in China that Ford operates with Chongqing Changan Automobile Co. and Mazda Motor Corp. The venture makes Ford, Mazda and Volvo models. The Volvo models are made at a plant in the western municipality of Chongqing. In front of a small group of reporters in the eastern city of Hangzhou, Victor Young, public relations director for Zhejiang Geely Holding Group, said that it respects the existing Volvo production contract between Ford and its JV partners. This means that the Chongqing plant will continue to make S40s and S80s until the agreement expires. Young didn´t reveal when Ford's production agreement on Volvo models at the JV will expire. According to a Reuters report, Zhejiang Geely, parent of listed arm Geely Automobile, wishes to sign a preliminary agreement to purchase Ford's Volvo unit for up to $2 billion in February and to close the deal by May.
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