Wednesday, April 7, 2010

China buys Volvo

http://www.washingtonpost.com/wp-dyn/content/article/2010/03/28/AR2010032800788.html
China car marketing has been growing largely, while U.S auto has been going down. There has been growth of auto industry from Asia but I have never seen any chines car brand in U.S. When the ford bought the Volvo, soon after it lost much consumers interest. If Geely successfully sell cars in U.S, the auto industry in china will rise. Seeing how Japan is top auto industry in the world, who knows what could bring that to china. Also, Geely and Ford will be working together. " 'Maybe, if we invest money in a company like Volvo and build a relationship with Ford -- maybe it's money well spent and cheaper than building that quality ourselves.' "
Maybe there will be more trading between China and U.S. If this becomes successful, Company working together, it will bring the relationship of each country more closer and conformable. It may open more ways for trading as well as cooperating between country to find better and cheaper ways to make products.

1 comment:

  1. I gotta sell my volvo now. The best part about volvo was that it was european. And swedes rule

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