29th
March
2010
The Importance of Geely’s Volvo Purchase For The Chinese Auto Industry
posted in Car News Articles |
Some people think that Geelyâs acquisition of Fordâs Volvo is driven by the desire for sorely needed know-how for Chinaâs auto industry. Who thinks that way is âtotally underestimating” the technological advances made by businesses in the Far East. This comes from none less than GMâs Nick Reilly. If anyone understands the true capabilities of the Chinese Auto industry, then itâs Reilly. Heâs been there, in charge of a big part of Chinaâs auto industry. He knows: Geely’s Volvo purchase can mean the great leap forward for Chinese car exports.
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