Volvo sold to Ling Long Corp

MarkDavis · 28 Mar 2010 at 22:38

No doubt that someone will tell me that there's already a thread on this....

They were starting to produce some nice cars too:

http://www.youtube.com/watch?v=mx6kf6lqMHI&feature=fvw

Nothing like buying a company for $6bn and selling it for $1bn.

http://news.bbc.co.uk/1/hi/business/8591677.stm

Super Tigers · 28 Mar 2010 at 22:45

I thought is it was Geely who have Volvo. Didn't know they also produced those fantastic grippy Ling Long tyres as well, should be nice as standard fitment. Upgrade from 16in Michelin HP Primacy to 17in Ling Long Ditchfinders for £50.

Saytan · 29 Mar 2010 at 09:52

it seems they'll be letting volvo carry on pretty much as before in europe (see JLR), but building volvos for their own/eastern markets in china

BigglesPiP · 29 Mar 2010 at 10:57

The Automotive industry is going to be a very changed thing when the recession is all over.

That said it's only the US companies who suffered, but they went and sold the stuff we buy to dodgy outfits in asia.

Italy, France and Germany are doing just fine, and even snapping up shares of the US companies.

The UK didn't have an automotive industry to loose, we managed that years ago.

mjt · 29 Mar 2010 at 12:11

What the hell does Shandon Ling Long Rubber Co have to do with Geely? :confused:

daz · 29 Mar 2010 at 12:14

BigglesPiP said:
The UK didn't have an automotive industry to loose, we managed that years ago.

We still produce a lot of cars here, just not for "british" companies.

The_Abyss · 29 Mar 2010 at 12:50

Saytan said:
it seems they'll be letting volvo carry on pretty much as before in europe (see JLR), but building volvos for their own/eastern markets in china

Then the European operation would be losing millions. I doubt that long term they're very commited to this.

BigglesPiP · 29 Mar 2010 at 13:09

daz said:
We still produce a lot of cars here, just not for "british" companies.

Yea, I think Nissan are still the largest producer in the UK aren't they?