Chinese Government Approves Chery’s Plan To Buy Volvo

[antimatter98]

Source: the truth about cars

China’s top economic planner has approved of Chery’s plan to buy the Volvo brand from Ford Motor, Gasgoo says. The report is not confirmed yet by Chery Auto. However, Gasgoo is very close to Chery.

According to Chinese media reports, The Dongfeng Motor has also submitted its Volvo-bidding plan to the National Development and Reform Commission (NDRC). The company’s spokesman denied the reports.

Read more: http://www.thetruthaboutcars.com/chinese-government-approves-chery%E2%80%99s-plan-to-buy-volvo/

[avaistheone1]

1. This is a joke. Right?

[Cessna Invesco Palin]

3. I doubt it.

Chery has been interested in Western car brands for a while.

[muriel_volestrangler]

4. Why?

[On the Road]

2. Well That Would be a Good Development

Better for Ford to shed Volvo than to keep getting bailout money.

[AtheistCrusader]

5. Ford has not yet taken any bailout money.

Hopefully, they won't have to at all.

[On the Road]

7. Thanks for the Correction

This may make it less likely they'll have to do so in the future.

I am personally glad to see buyers from China stepping up for transactions like this. That's where a lot of the money is these days.

[Brother Buzz]

6. Ford hasn't taken any bailout money

The Ford Motor Company is the only automaker that hasn't touched any of the government loan money.

[catnhatnh]

8. Well, according to the movie "The Sand Pebbles"

Even if Steve McQueen helped the will never pronounce it any better than "Wolvwo"...

[xchrom]

9. wow -- and i thought it was radical that ford bought volvo. nt

[jaymonds]

10. Truth about cars

The government is concentrating on the latest technologies to be implemented. Still if they concern about the e-waste and tried to set up a recycling company for electronics goods especially phone recycle. This electronic waste will release harmful chemicals in the atmosphere causing severe problems for mankind.

phone recycle