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Yuan Xiaolin, spokesperson for the Geely Automobile Volvo Project, told the media on the 27th that Geely Automobile is making detailed and in-depth discussions about the related fees and terms with Volvo parent company Ford Motor Co., and the negotiations are proceeding smoothly.
Last week, Li Shufu, chairman of Geely Holding, led a delegation to visit Europe. Communicated and communicated with Volvo's management, government officials from Sweden and Belgium, and union leaders. Yuan Xiaolin believes that a series of meetings and communication are positive, positive, and constructive. Volvo is headquartered in Sweden and the two main production plants are in Sweden and Belgium.
Yuan Xiaolin also disclosed that Geely and Ford have reached a consensus on the intellectual property rights involved in the acquisition: Geely is the preferred Ford bidder, and the acquisition target is 100% of Volvo Car Company; Volvo will retain its key technologies and intellectual property rights. Ownership and the right to use all Ford intellectual property required by the company to implement a given business plan; Geely will own Volvo's key technology and intellectual property, and have access to a large amount of intellectual property and including Volvo's knowledge of safety and environmental protection property.
Volvo Cars is a world-renowned luxury car brand manufacturer and is currently a wholly-owned subsidiary of Ford Motor Corporation in the United States. At the end of last year, Ford Motor announced the transfer of Volvo’s entire share capital. After several rounds of competition, Ford announced at the end of last month that China’s Geely Automobile Holdings had become Volvo's preferred bidder.
At the end of October, President of Ford Motor Company Mulally attended the groundbreaking ceremony of Changan Ford Mazda's new factory in Chongqing. He told Chinese and foreign reporters that Volvo is a very good brand. The reason why Ford sold Volvo was mainly because Ford will mainly develop the Ford brand in the future. . Ford's slogan is "A Ford, a team."
Dr. Ke Lishi, CEO of Volvo Car Corporation of China, told Xinhua News Agency at the Guangzhou Auto Show recently that in 2009 Volvo Cars saw positive signs of recovery in the world, thanks to the strong growth of Volvo in the Chinese market.
Ke Lishi said that Geely is a well-developed automobile manufacturing company in China. If Geely’s final bid for Volvo succeeds, it will further contribute to the development of the Volvo brand in China. If a European company bids for Volvo, it may consider prioritizing Volvo's development in Europe or North America. However, if it is a successful bid by a Chinese company, the company that has a better grasp of the Chinese market will fully support Volvo's growth in China.