Volvo Finally Sold ?

[MrTopher]

I don't like it.

[RobT5M]

Like stated above, i'd never buy one after 98 myself. However, i need parts and if quality in said parts drop...well...then whats the point to the volvo? Other then that i wouldn't care hahah...

I just go to the Junk yard! lol

[mrtl321]

I just go to the Junk yard! lol

Hardly any what so ever in JY's around here. <_<

[scottn941]

China doesn't play fair, never have, and quite honestly anyone who believes China will keep expensive Euro labor/factories/suppliers is profoundly naive. My guess is that Volvo as a brand will be either radically changed phased out, with the Chinese primarily interested in Volvo's intellectual property, and apply it to Geely cars.

[TyConn]

Ford and Volvo have been loosing their asses. Its nice to say things like that, but reality and theory are not the same. Heard from a few people who work fairly high up production level that it seems like the Chinese are either going to try and bust the unions or move productions. Not that I believe scuttlebutt but I would not want to be working for Volvo right now. In other news this could be great news for performance and aftermarket.

I Didn't buy a Volvo for performance and aftermarket. I bought it because it was the safest car on the road. If I had wanted to rice my car out, I would have, and would still, get a Honduh (which I will never do). Anyway. I refuse to own anything ford made/owned (1999 and later). I love my 1998 S70s, and wouldn't go any other way. I hate where this shit is going. Fuck China, we should put a biodome around there and let them greenhouse gas themselves to death.

[TyConn]

don't complain too much guys.

VOLVOSPEED is currently under serious negotiations with a Chinese exhaust company.

I'm just gonna reference the BS meter in your Sig in response to how i feel about this.

Eh, I'm not too confident in Geely's saftey

http://www.youtube.c...h?v=8vAN2cx2UIE

Anyone else notice the airbag DIDN'T EVEN GO OFF?!??!?

[Chilled man]

Here I come Subi or Audi :lol:

[Che'_Moderator]

I bought it because it was the safest car on the road.

Volvo is a long long way from the safest car. Its average at best for its price class and size.

[BurgerBob]

I Didn't buy a Volvo for performance and aftermarket. I bought it because it was the safest car on the road. If I had wanted to rice my car out, I would have, and would still, get a Honduh (which I will never do). Anyway. I refuse to own anything ford made/owned (1999 and later). I love my 1998 S70s, and wouldn't go any other way. I hate where this shit is going. Fuck China, we should put a biodome around there and let them greenhouse gas themselves to death.

So anything aftermarket is ricing your car out? Thanks.

[Spanky]

Hmmmm.. :unsure:....We owe them a shit load of money and now they stole Volvo!! It would be a perfect time to go to war :lol:

[Kashif]

Quite honestly I believe some of the resentment that I have read around the internet regarding the Geely deal is based on racism.

[ross84volvo]

well from what i've heard they'll still be built in sweden but the ones for the asian market will be built in china. and maybe the performance and mileage will go up. example. skyline gtr, nissan gtr, it could go either way but atleast its out of fords hands. thats why american car comapnys suffer cause our emissions and mileage are to bad to be sold over there. and to say that cause its made in china or japan you wont buy it just makes you sound like a dumb a@@. look at your trans along with plenty other parts on your car that are made over there. china has got to be doing something right besides cheap labor to produce pretty much everything you own. so dont go believing everything you hear like that hoax about global warming. merry christmas every body. jk

and i'll take asian quality over mexican quality. cough cough vw!!!!!!! who cares who owns them thats like saying the camaro is a american muscle car when it was designed in australia and built in canada. " sad trumpet noise"

[Get Some]

the worlds going to end in 2012 why worry ?

[Durry]

maybe with the help of the chinese volvo can prove to people how good they are, because when volvo was owned by ford i felt like the brand was restricted or ....maybe they didn't know how to manage the company ..... hope this change will be for the best

maybe its not going to be that bad... MAYBE lol

[scottn941]

Source:

http://www.thetruthaboutcars.com/volvo-unions-call-for-geely-investigation/?AID=10546635&PID=3323800

Corresponding with news that Ford and Geely are close to closing the Volvo deal, Volvo’s unions have expressed skepticism towards Geely, even going so far as to ask that the company be investigated. An ownership company based in tax havens, a history of trademark theft, and minimal transparancy have all worried unions within Volvo. Swedish Engineers at Volvo and the Metalworkers have expressed worries over the lack of information regarding Volvo’s future within Geely. “There’s a great information vacuum” says Magnus Sundemo of the Engineers. “We know very little about what the consequences will be if or when Geely takes over Volvo – We need to have more information, and we need reasonable time to examine the information” he continues.

There are several questions around Geely according to the union, one being the company structure. The company Ford has chosen as the preferred bidder, and possibly buyers of Volvo, is Zhejiang Geely Holding Group – a privately held Chinese Company, which in turn owns Proper Glory Holding (what a name!) registered in Virgin Islands (they must have some humor at Geely…). Proper Glory owns 51% of Geely Automotive Holdings Ltd, the car manufacturers. Geely Automotive is listed at the Hong Kong Stock Exchange, and has its HQ in the Cayman Islands. A further eight subsidiaries are registered in Cayman Islands, and seven more in The Virgin Islands.

“This in not something that enhances the image of a ‘nice’ company, and the question is where Volvo is positioned in this structure. An unlisted company in Cayman Islands needs no tranparancy, and no accountability. That worries” says Magnus Sundemo, who also complains about the lack of good information around the financing of the deal.

In a meeting between Volvos unions and Geely management last week, the unions demanded there’d be hired a special employee-consultant to examine the deal. He should be granted 200,000 euros and 5-6 weeks to be able to examine the deal properly. Volvo management granted 50.000 euros and 2-3 weeks.

Volvo’s Olle Axelson comments: “Volvo and Ford have already answered all questions asked. These are just repeated questions.” John Fleming, CO at Volvo says he understands Volvo employees’ concerns, but assures them that Ford has been a good parent to Volvo, and is certain that Geely will be too. “Otherwise, we wouldn’t have chosen them. – But nothing has been decided yet.”