Rumor had it that Ford was in the works to sell Volvo to Geely, a major Chinese auto manufacturer, and today in Sweden, rumor changed to fact. Ford and Geely reached an agreement for $1.8 billion which includes Volvo's intellectual property and physical assets.
You might have seen some photos of past Geely designs with laughable resemblances to European cars.
A Chinese Volvo almost sounds like an oxymoron. Volvo has a reputation of luxury and safety while most Chinese cars can't be sold in America because of safety standards alone. But although this could be viewed as a sad day for Volvo, Geely has had a few respectable concepts recently. In the 2008 Chinese Auto Show, Geely unveiled the GT a monster coupe that shows resemblances to the Maybach Exelero.
We can hope that Geely's young heart and ambition to prove themselves will bring about some spice in the Volvo line-up, whose most exciting car in the past few decades could be the C30 but hasn't shown much since.
Look below for some more photos of Geely cars.
'Tis The Season To Consume, Consume, Consume!!!
8 minutes ago