Geely's deal to acquire Volvo from Ford has been made official today. "Ford sells Volvo to China's Geely auto group for $1.8 billion" and according to L.A. Times, Ford had originally paid $6.5 billion back in 1999. This acquisition helps Geely tap the domestic Chinese market better in the luxury segment where BMW, Lexus, and other foreign brands have dominated in the past. … [Read more...] about Geely buys Volvo from Ford, and a thought on RMB vs. USD
Hidden Harmonies China Blog
As China Re-Awakens, Finding New Harmonies in a Brave New World...