Volvo cars (swedish: volvo personvagnar), stylized as volvo in the logo, is a swedish vehicle manufacturer it is headquartered on torslanda in gothenburg and is a subsidiary of chinese automotive company geely. Geely wants to grow on the back of volvo's established brand, which has a lot of aspects that geely's doesn't, such as a [track record] of safety and quality. In 2010, zhejiang geely holding group co (geely holding) acquired volvo from ford motor company in early 2011, various questions remained about volvo's strategy and the long-term integration plan for the acquisition with the acquisition of volvo, geely holding gained access to a global dealership. Geely has thrown a lot of money at volvo without concern for an immediate return, a luxury available to an unlisted company, says janet lewis, an auto analyst in hong kong with macquarie group ltd.
Famous examples are the acquisition of jaguar and land rover by tata motors in 2008 and geely's takeover of volvo cars in 2010 aimed at improving quality, brand and safety in indian and chinese. Zhejiang geely holding group , china's largest privately owned carmaker, is raising €305bn (us$38bn) to fund its acquisition of an 82% stake in swedish truckmaker ab volvo, in one of the. Geely acquired volvo cars in 2010 and has successfully reinvented the marque with a series of stylish models as well as its eponymous brand, geely also owns the london electric vehicle company, which makes the iconic london taxi, is the majority shareholder in sports car brand lotus, and a key shareholder in malaysia's proton. The chinese carmaker zhejiang geely holding group completed the acquisition of volvo from ford motor on monday and named a chief executive to lead the company li shufu, chairman of geely holding.
Volvo cars, the premium car maker, and geely holding, the chinese car group, friday completed the formation of two new entities to share existing and future technology and provide the economies of scale that will allow them to more rapidly develop next generation electrified vehicle technology. History volvo car corporation is a swedish automobile manufacturer, owned by the chinese zhejiang geely holding group volvo car corporation was founded in 1927, in gothenburg, sweden volvo was originally formed as a subsidiary company to the ball bearing makers skp. Geely plans to build a volvo plant in china that would nearly double its annual global production, and aims to sell 150,000 volvo cars in china annually by 2015 it has yet to pick a site for the plant, but shanghai is a likely candidate. Geely (officially zhejiang geely holding group co, ltd) is a chinese multinational automotive manufacturing company headquartered in hangzhou, zhejiang it sells passenger vehicles under the geely auto, lotus , lynk & co , proton , and volvo brands and commercial vehicles under the london ev company and yuan cheng auto brands. China's geely bought the $15bn acquisition of volvo from ford catapulting a chinese car maker into the global league for the first time geely is one of china's largest car companies.
Geely has also put its money where its mouth is: it has committed itself to investing that $11 billion to help volvo develop new models and build assembly plants in china to make them. Volvo cars, the premium car maker, and its owner geely holding today announce they will jointly invest rmb 5 billion (eur 640 million) to support the initial phase of polestar's product, brand and industrial development. Volvo's acquisition of geely a merger and acquisition study case for presentation in m&a class of universitas tarumanegara post graduates, jakarta, indonesia.
Acquisition between geely holding group and volvo car corp is studied as case company to make further research the theoretical part of the thesis introduces hofsted's 6d-model to analyze. Geely, volvo, and the birth of a new brand: lynk & co lynk & co, a new company and brand jointly owned by geely and volvo, has recently launched its first model (the 01), into the chinese market. The transaction makes geely holding the largest holder of ab volvo's share capital and second largest holder in voting rights with 8847 million a-shares and 7877 million b shares the transaction follows on an agreement between geely holding and cevian capital (cevian), disclosed on december 27, 2017. Geely (officially zhejiang geely holding group co, ltd ) is a chinese multinational automotive manufacturing company headquartered in hangzhou , zhejiang its principal products are automobiles , taxis, motorcycles , delivery vans , engines , and transmissions.
Volvo personvagnar ab, the volvo car corporation, is a swedish car manufacturer based in göteborg sweden and was owned by ab volvo until 1999 when it was acquired by ford in 2010 ford sold it to zheijang geely holding group, a chinese company. Geely automobile holdings ltd is an investment company, which engages in the research, production, marketing, and sale of sedans and related automobile components. Acquisition of volvo will allow them access to volvo's vast experience, technological know- how and distribution channels in the west, allowing geely to grow and compete better with other automotive firms. Swedish premium carmaker volvo is to share a factory in china with parent geely, the first time that chinese and foreign marques will be made on the same mainland production line volvo's.
Geely automobile holdings is owned and controlled by the parent company named geely holding group whose business is in the automobile sector market: in 1998, geely sold about 200 cars but its annual sales volume shot up to 326710 in 2009 (about 96% rise. Volvo cars' successful transformation in moving up market under the ownership of little known chinese car maker geely is a curious one how the swedish company retained its heritage to break into. A classic volvo p1800 on display behind the new volvo concept coupe at the frankfurt auto show this week volvo's european managers and owner geely continue to battle over the brand's strategic. Geely auto should look to global trends but our cars should also have a hint of where the company originates from geely design great cars start with great design.