(1) Patti Waldmeir, Ford nears terms with Geely on Volvo;Deal vlaued at about $2bn; Green light from Beijing likely. Financial Times (FT), Dec. 24, 2009.
(2) Patti Waldmeir and Bernard Simon, Chinese seek profits where west lost out.; News analusis[:] Ambitious groups look to Japanese model. FT, Dec. 24, 2009.
http://www.ft.com/cms/s/0/ba1adfc2-f02b-11de-833d-00144feab49a.html
(a) Photo caption: Analysts say Geely's acquisition of the respected Volvo name would quickly upgrade its brand image in China and beyond.
(b) In the window ofthe print: $994m Volvo's pre-tax loss in the first nine months of 2009
(c) Quote: "Now comes the hard part: do the Chinese know something that the previous western owners of these distressed motor brands failed to realise? How can Volvo make money for Geely, but not for Ford? Will Hummer make Sichuan Tengzhong a household name? Will Saab make BAIC famous?