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Volvo Bought By Geely For $1.8 Bill.  
User currently offlineBraniff747SP From United States of America, joined Oct 2008, 2967 posts, RR: 1
Posted (4 years 4 months 22 hours ago) and read 2826 times:

Geely, a Chinese carmaker, has bought Volvo for $1.8 Billion....

http://news.bbc.co.uk/2/hi/business/8592426.stm

Your thoughts?


The 747 will always be the TRUE queen of the skies!
28 replies: All unread, showing first 25:
 
User currently offlineMoltenRock From , joined Dec 1969, posts, RR:
Reply 1, posted (4 years 4 months 22 hours ago) and read 2825 times:

I think it's great! Only the Asian car manufacturers have the cash and desire to be buying up these companies at cheap prices. It's a huge win for Asia! The Chinese, South Korean, and Indian companies are making big headway into the auto market. The Chinese and South Korean manufactures being the main two big winners of frontline manufacturers.

However, with VW, GM, and Ford duking it out in China and other Asian countries, lots of other Asian countries are getting huge wins from content/parts manufacturing in their locales even though the "brand" or "badge" of auto line may be of American, European, or Japanese headquarters corporate office.


User currently offlinejohns624 From United States of America, joined Jul 2008, 904 posts, RR: 0
Reply 2, posted (4 years 4 months 20 hours ago) and read 2748 times:

In the near term, I think that it'll hurt the Volvo brand name. Right now, "Chinese" and "quality" usually aren't used in the same sentence.

User currently offlineLTU932 From Germany, joined Jan 2006, 13864 posts, RR: 50
Reply 3, posted (4 years 4 months 20 hours ago) and read 2736 times:

Quoting johns624 (Reply 2):
Right now, "Chinese" and "quality" usually aren't used in the same sentence.

  

Volvo has been known to be a manufacturer of cars that have been on top in terms of passenger safety. However, the Chinese brands, including Geely, are known for the exact opposite. I just remind you of this crashtest of a chinese car. The result is fatal, but see for yourself: http://www.youtube.com/watch?v=DZWy_fASSiQ


User currently offlineBMI727 From United States of America, joined Feb 2009, 15719 posts, RR: 26
Reply 4, posted (4 years 4 months 18 hours ago) and read 2654 times:

Quoting LTU932 (Reply 3):
I just remind you of this crashtest of a chinese car. The result is fatal, but see for yourself:

Wow, that thing just bounced and didn't absorb anything. On second thought, maybe it is best if the Chinese just keep copying things.  



Why do Aerospace Engineering students have to turn things in on time?
User currently offlineRabenschlag From Germany, joined Oct 2000, 1007 posts, RR: 0
Reply 5, posted (4 years 4 months 17 hours ago) and read 2633 times:

It really depends on whether they will be able to maintain the spirit and culture of Volvo. In my humble opinion, Ford already failed in this respect (highly subjective, but I think that Volvos lost most of their volvoness during Fords reign). I have doubts whether the Chinese team will be better at this task. But who knows.

User currently offlineKiwiRob From New Zealand, joined Jun 2005, 7143 posts, RR: 3
Reply 6, posted (4 years 4 months 17 hours ago) and read 2604 times:

Quoting LTU932 (Reply 3):
However, the Chinese brands, including Geely, are known for the exact opposite. I just remind you of this crashtest of a chinese car.

Volvo is the right brand for a Chinese auto company to purchase if they want to improve there safety. Fords improved greatly due to Volvo's input.

Quoting Rabenschlag (Reply 5):
It really depends on whether they will be able to maintain the spirit and culture of Volvo. In my humble opinion, Ford already failed in this respect (highly subjective, but I think that Volvos lost most of their volvoness during Fords reign).

Ford raped and pillaged Volvo, but I have just purchased my first, a V70, as a family car it's hard to beat, a lot of room, safe, well made, good value for money compared to Audi, BMW or Mercedes (the only other brands I would consider) plus in Norway Volvo retain there value better than most brands.

As long as Volvo design and engineering is maintained in Sweden and Chinese made Volvo's are only for the Chinese domestic market (I believe this was part of the agreement with the Swedish unions and Govt) then I don't think there is anything to worry about, I don't see this falling apart like the MG Rover fiasco.

[Edited 2010-04-03 14:40:55]

User currently offlineMoltenRock From , joined Dec 1969, posts, RR:
Reply 7, posted (4 years 4 months 16 hours ago) and read 2560 times:

Quoting LTU932 (Reply 3):
Volvo has been known to be a manufacturer of cars that have been on top in terms of passenger safety.

Neither was Japanese manufacturing in the 1970s and before, as they were "cheap" and "crappy". Look what the Japanese did to the US industry in the 1980s and 1990s.


User currently offlinealfa75 From United States of America, joined May 2005, 614 posts, RR: 0
Reply 8, posted (4 years 4 months 14 hours ago) and read 2526 times:

As a Service and Parts Manager at a Volvo store I can say that we have not had too many questions about the purchase. The Volvos we sell and service will continue to be made in Europe so I do not have any issues with it. I also heard from my GM that Geely infused Volvo with a bunch of cash as well. This will help.


The best things in life aren't things!
User currently offlineSAS A340 From Sweden, joined Jul 2000, 775 posts, RR: 0
Reply 9, posted (4 years 4 months 12 hours ago) and read 2491 times:

Quoting KiwiRob (Reply 6):
Ford raped and pillaged Volvo, but I have just purchased my first, a V70, as a family car it's hard to beat

Not just as a family car,i have one to and i have lots of fun with it to  
Quoting KiwiRob (Reply 6):
As long as Volvo design and engineering is maintained in Sweden and Chinese made Volvo's are only for the Chinese domestic market (I believe this was part of the agreement with the Swedish unions and Govt)

That's correct,that was the deal.

Quoting Braniff747SP (Thread starter):
Your thoughts?

I would say that 1.8 Billion $ was cheap,Volvo has everything from small to large cars in the pipeline,fresh from the designers and most of them with very low fuelconsumtion,and the sales are going up. I am not so sure that this was such a god deal for Ford,but that's often the case when there is a lack of money (cash)



It's not what u do,it's how u do it!
User currently offlinegeekydude From China, joined Apr 2004, 401 posts, RR: 2
Reply 10, posted (4 years 4 months 11 hours ago) and read 2479 times:

Quoting Rabenschlag (Reply 5):
It really depends on whether they will be able to maintain the spirit and culture of Volvo. In my humble opinion, Ford already failed in this respect (highly subjective, but I think that Volvos lost most of their volvoness during Fords reign). I have doubts whether the Chinese team will be better at this task. But who knows.

From what I heard Geely will keep an independant Volvo. There won't be any Geely's team meddling with Volvo's production, design or sales. But Volvo will surely expand its presence in China. Hopefully it will turn into a win-win in a few years.



FLIB 152 'heavy' low approach...Caution wake turbulance!
User currently offlineLTU932 From Germany, joined Jan 2006, 13864 posts, RR: 50
Reply 11, posted (4 years 4 months 6 hours ago) and read 2421 times:

Quoting MoltenRock (Reply 7):
Neither was Japanese manufacturing in the 1970s and before, as they were "cheap" and "crappy". Look what the Japanese did to the US industry in the 1980s and 1990s.

Not to defend the Japanese manufacturers back then, but to be fair, back then there wasn't a mass media that was accessable 24 hrs a day, with information and even videos of crashtests that showed shocking results. At most, you'd just read about it in the newspaper, in occasional TV reports and in the weekly/monthly automotive magazines. I'm not denying that Japanese cars in the 70's were sub-standard (to put it politely), but it wasn't that easy to read, hear or see something about it than it is today.


User currently offlineMoltenRock From , joined Dec 1969, posts, RR:
Reply 12, posted (4 years 4 months 6 hours ago) and read 2407 times:

Quoting LTU932 (Reply 11):
Not to defend the Japanese manufacturers back then, but to be fair, back then there wasn't a mass media that was accessable 24 hrs a day, with information and even videos of crashtests that showed shocking results. At most, you'd just read about it in the newspaper, in occasional TV reports and in the weekly/monthly automotive magazines. I'm not denying that Japanese cars in the 70's were sub-standard (to put it politely), but it wasn't that easy to read, hear or see something about it than it is today.

You can watch it happen right now in front of your eyes, yet again. Take new auto powerhouse Hyundai. Last year they again placed among the very best for quality in mainstream autos in the USA. They are better than Honda, Toyota, BMW, Mercedes, Infiniti, GM, and dozens of others. They are only beat by Lexus, Porsche, and Cadillac.

They were the butt of comedian's jokes in the late 1980s and early 1990s. They are now one of the largest auto companies in the world. Not too shabby for a company who entered the US with the less than stellar Excel in 1986. Make no mistake, both South Korea's and China's auto manufacturers will continue pushing quality while getting ever larger while more traditional nameplates like Chrysler, Saab, Pontiac, etc... wither and die because they didn't want to compete.


http://www.autoblog.com/gallery/2009-j-d-power-iqs-results/full/


User currently offlinejohns624 From United States of America, joined Jul 2008, 904 posts, RR: 0
Reply 13, posted (4 years 3 months 4 weeks 1 day 23 hours ago) and read 2314 times:

Quoting MoltenRock (Reply 12):
Take new auto powerhouse Hyundai. Last year they again placed among the very best for quality in mainstream autos in the USA. They are better than Honda, Toyota, BMW, Mercedes, Infiniti, GM, and dozens of others. They are only beat by Lexus, Porsche, and Cadillac.

The problem with these rankings is that they are subjective, not objective. I would have to think that a buyer of a BMW, Mercedes, etc, has higher expectations than the typical Hyundai owner.


User currently offlineBMI727 From United States of America, joined Feb 2009, 15719 posts, RR: 26
Reply 14, posted (4 years 3 months 4 weeks 1 day 22 hours ago) and read 2302 times:

Quoting MoltenRock (Reply 12):
They were the butt of comedian's jokes in the late 1980s and early 1990s.

They still are, and I still reserve the right to make fun of them as I see fit. Of course the Chinese might be an easier target.



Why do Aerospace Engineering students have to turn things in on time?
User currently offlineryanair!!! From Australia, joined Mar 2002, 4751 posts, RR: 26
Reply 15, posted (4 years 3 months 4 weeks 1 day 13 hours ago) and read 2227 times:

Quoting MoltenRock (Reply 12):
They were the butt of comedian's jokes in the late 1980s and early 1990s. They are now one of the largest auto companies in the world. Not too shabby for a company who entered the US with the less than stellar Excel in 1986. Make no mistake, both South Korea's and China's auto manufacturers will continue pushing quality while getting ever larger while more traditional nameplates like Chrysler, Saab, Pontiac, etc... wither and die because they didn't want to compete.

My thoughts are that the Koreans were faster than the Japanese in catching up, and it will take the Chinese a much shorter time to catch up with the Koreans with technology much easily available compared to the past.



Welcome to my starry one world alliance, a team in the sky!
User currently offlineMoltenRock From , joined Dec 1969, posts, RR:
Reply 16, posted (4 years 3 months 4 weeks 1 day 8 hours ago) and read 2160 times:

Quoting johns624 (Reply 13):
The problem with these rankings is that they are subjective, not objective. I would have to think that a buyer of a BMW, Mercedes, etc, has higher expectations than the typical Hyundai owner.

How is the initial quality of a car's performance by owners "subjective" when it is based on the number of problems needing fixing by dealers? That's pretty objective and a solid criteria for judging quality in the timeframe it measures.

Even Consumer's Reports which does not accept any advertising dollars, so therefore have no financial stake in any of its dealings and ratings also have been ranking Hyundai at the top of their lists as well.

http://www.consumerreports.org/cro/c...s-reliability/ratings-overview.htm

This purchase by Geely is a deal. If you remember Ford paid $6.5 billion for Volvo back in 1999, and invested billions more over the 11 years they owned it to update the dowdy nameplate. Now Geely is going to benefit greatly for only $1.8 billion + another $900 million they are investing into Volvo to recharge their product offerings. It's an instant quality nameplate for them.

[Edited 2010-04-04 23:00:58]

User currently offlinejohns624 From United States of America, joined Jul 2008, 904 posts, RR: 0
Reply 17, posted (4 years 3 months 4 weeks 1 day 2 hours ago) and read 2096 times:

Quoting MoltenRock (Reply 16):
How is the initial quality of a car's performance by owners "subjective" when it is based on the number of problems needing fixing by dealers? That's pretty objective and a solid criteria for judging quality in the timeframe it measures.

Easy. Someone buying a Mercedes is going to take it back for a little rattle, and keep taking it back until it's gone. Hyundai owners probably won't even notice.


User currently offlinecws818 From United States of America, joined Aug 2008, 1176 posts, RR: 2
Reply 18, posted (4 years 3 months 4 weeks 1 day 2 hours ago) and read 2087 times:

I can almost see the newspaper cartoons now.... "Volvo's latest safety feature: lead paint!"


volgende halte...Station Hollands Spoor
User currently offlineBraniff747SP From United States of America, joined Oct 2008, 2967 posts, RR: 1
Reply 19, posted (4 years 3 months 4 weeks 21 hours ago) and read 2037 times:

Quoting MoltenRock (Reply 12):
They were the butt of comedian's jokes in the late 1980s and early 1990s
Quoting BMI727 (Reply 14):
They still are, and I still reserve the right to make fun of them as I see fit. Of course the Chinese might be an easier target.

       

I agree.... They are fun to make fun of. LOL.

I hope that the Geely people will let Volvo, be Volvo. Keep the manufacturing plants, and keep the quality of the cars. As far as I'm concerned, they make great family cars. Safe, reliable, comfortable. (But, there is no way in hell I would EVER buy one.)  



The 747 will always be the TRUE queen of the skies!
User currently offlineBMI727 From United States of America, joined Feb 2009, 15719 posts, RR: 26
Reply 20, posted (4 years 3 months 4 weeks 20 hours ago) and read 2012 times:

Quoting Braniff747SP (Reply 19):
I agree.... They are fun to make fun of. LOL.

SNL did it just recently saying that Hyundai issued a recall regarding the door handles. The problem was that they were attached to a Hyundai.



Why do Aerospace Engineering students have to turn things in on time?
User currently offlineMoltenRock From , joined Dec 1969, posts, RR:
Reply 21, posted (4 years 3 months 4 weeks 19 hours ago) and read 2008 times:

Quoting BMI727 (Reply 20):
SNL did it just recently saying that Hyundai issued a recall regarding the door handles. The problem was that they were attached to a Hyundai.

LOL! Now that's funny.

The funniest car joke I've heard in awhile was: From the rightwing, there are death threats, obscene phone messages, breaking windows, and cutting gas lines. One congressman even walked outside his house this morning and there was a Toyota in his driveway. – Bill Maher


User currently offlineTSS From United States of America, joined Dec 2006, 3066 posts, RR: 5
Reply 22, posted (4 years 3 months 4 weeks 19 hours ago) and read 1998 times:

Quoting Braniff747SP (Thread starter):
Your thoughts?

Ehhh... I always figured that Ford bought Volvo for the same reason AA bought Reno Air: To keep a competitor from getting hold of it. Geely buying Volvo makes a lot more sense though, as Volvo's engineering know-how could help address what many perceive to be Geely's (and all Chinese car manufacturer's) biggest hurdle on the road to international sales numbers: crash safety.

Quoting MoltenRock (Reply 12):
Not too shabby for a company who entered the US with the less than stellar Excel in 1986.

"Less than Stellar"?   
...
Okay, nobody caught the (I'm assuming unintentional) double-entendre but me. http://en.wikipedia.org/wiki/Hyundai_Stellar



Able to kill active threads stone dead with a single post!
User currently offlineMoltenRock From , joined Dec 1969, posts, RR:
Reply 23, posted (4 years 3 months 4 weeks 17 hours ago) and read 1968 times:

Quoting TSS (Reply 22):
"Less than Stellar"?   
...
Okay, nobody caught the (I'm assuming unintentional) double-entendre but me. http://en.wikipedia.org/wiki/Hyundai...ellar

LOL! Who knew they had a "less than stellar" Stellar?  


Kidding aside, it's pretty darned hard to condemn Hyundai as a POS, when they kick every American nameplate and European nameplate (save Porsche). How sad is that? Auto companies that have been in business for 100 years can't compete against a South Korean manufacturer, and soon enough Chinese manufacturers. Americans and Europeans to a lesser extent need to take this challenge from Asia very, very seriously or they will be on the scrap heap of automotive history.


User currently offlinejohns624 From United States of America, joined Jul 2008, 904 posts, RR: 0
Reply 24, posted (4 years 3 months 3 weeks 4 days 14 hours ago) and read 1850 times:

Quoting MoltenRock (Reply 23):
Kidding aside, it's pretty darned hard to condemn Hyundai as a POS, when they kick every American nameplate and European nameplate (save Porsche). How sad is that?

You still don't know what you're talking about. Besides, "initial quality" doesn't mean squat. What the car is going to be like with 80K+ miles on it is what's really important...


25 MoltenRock : Apparently you don't know what you're talking about as Consumer's Reports, JD Power, and others have rated the quality including "non-initial" ownersh
26 stasisLAX : Ding - Ding - Ding - We have a winner! Except that not only does Geely get access to Volvo's tremendous safety resources - the ENTIRE Chinese car ind
27 czbbflier : I'm sure that Geely is going to respect the heritage of the Volvo brand... yadda yadda yadda. The one and only thing that annoys me and instantly puts
28 CXB77L : Yes, but it also paves the way for a Geely-badged Volvo S40 lookalike which Geely will claim as their own independent design. Since Volvo are owned b
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