Report: Geely will need $1.4B to keep Volvo going

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Report: Geely will need $1.4B to keep Volvo going

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sjmmail2000-247

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Since: Mar 17, 2008
Posts: 2123

(Msg. 1) Posted: Sat Mar 13, 2010 1:10 am
Post subject: Report: Geely will need $1.4B to keep Volvo going
Archived from groups: alt>autos>volvo (more info?)

Geely may still be on track to purchase the Volvo brand from Ford, but the Chinese automaker could be struggling to source the necessary capital to keep the Swedish brand up and running once the transaction is complete. According to sources familiar with the situation, Geely will need "an absolute minimum" of $1.4 billion following the [...]
Read More: http://feeds.leftlanenews.com/click.phdo?i=f7d8d295d3a6f09fcee51c5e377a8b2c

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