Geely bought by Volvo (EU clears deal)
#16
Lexus Fanatic
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If you have trouble following Volvo stereotypes, just try and follow the Saab ones. Or, even more so, the VW ones. ![Big Grin](https://www.clublexus.com/forums/images/smilies/biggrin.gif)
Volvo, of course, DID branch out a little in the 1990's, when they started to move away from stodgy, shoe-box designs and strictly RWD. The 1997 Volvo C70 of 1997, for example, was a gorgeous coupe, especially in the amber-yellow Saffron paint job (remember that?)....IMO, it should have been Car of the Year. But the old librarian image, among potential shoppers, still remained, and even the sport/performance Volvo R lines had trouble breaking into the Euro-sport-sedan crowd, who, by that time, was pretty much addicted to the BMW 3-series. The 3-series still rules the roost, sales-wise, in that category, though it has gotten some competition from newer competitors.
![Big Grin](https://www.clublexus.com/forums/images/smilies/biggrin.gif)
Recently I've only known 2 people that own Volvos, none are listed above.
#17
Lexus Fanatic
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But the original C70 coupe, though, like I said above, was truly gorgeous in the looks department.
![](http://carphotos.cardomain.com/ride_images/2/3721/1701/21800850074_large.jpg)
#18
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EU clears Volvo's sale to Geely
![](http://www.blogcdn.com/www.autoblog.com/media/2010/07/04-v60-630.jpg)
Volvo and Geely have taken another step toward holy matrimony. The European Union has officially approved the Chinese company's takeover of the Swedish manufacturer. The EU found that the move wouldn't stifle competition within its borders and gave all of the interested parties the green light. Ford originally agreed to sell Geely its former ward in March of this year, and the $1.8 billion dollar purchase is well on its way to becoming reality.
The move is a big one, not just for Volvo and Geely, but the whole of the Chinese auto market. According to Reuters, the buy is the largest overseas automotive acquisition any Chinese company has made to date. We would be surprised if it were the last, though.
http://www.autoblog.com/2010/07/07/e...sale-to-geely/
#19
Lexus Fanatic
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wow. I guess I wont be owning a Volvo any time soon. The chinese are going to scavenge the designs from volvo to add to their already cars that are already devoid of any originality.
#20
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Meh, Volvo will still have control over their own products and production lines in Europe. Geely will get some Volvo factories in China for their market and some trickle down innovations from Volvo. I don't think this is going to have too much of an impact on the cars we see on our shores or in Europe for that matter.
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Joeb427
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