Geely aims to complete the acquisition of Volvo in early 2010
By Andrew C., 26 Aug, 2010. 0 Comments
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Zhejiang Geely Holding Group is doing what it can to conclude the acquisition of Ford Motor Co.'s Volvo unit in early 2010, according to Reuters who declined to name its sources. In fact, Geely has hired consultants for restructuring and integration. Roland Berger Strategy Consultants, which is based in Germany, is reportedly tasked to launch a 100-day internal review and restructuring to improve Geely operations with a focus on sales of Geely's self-branded cars in China. Another source is in agreement and tells Reuters that there are no more hurdlesto the Volvo deal, which is expected to be completed before Chinese New Year (February 14). As soon as the deal is done, Geely will launch integration. Geely has yet to comment on this report.
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