Geely

Geely Lines Up Volvo Bid Loans

The Wall Street Journal (Free subscription) | yesterday

Geely has lined up loans from at least three major Chinese government banks to finance its bid for Ford's Volvo car unit.

• Report: Geely may have secured funds for Volvo purchase - eGMCarTech
• M&A Borrowing for the Volvo Deal - China Hearsay
• See the 5 articles on the same subject

Geely taps China banks to back $1.8 billion Volvo deal

Daily News Analysis (Free subscription) | yesterday

Last month, Volvo's union leaders held their first talks with Geely but were still waiting to see Geely's financing plans for the loss-making Swedish carmaker.

Geely seeks $1b in bank loans to pay for Volvo

People Daily (Free subscription) | 7 hours ago

Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said yesterday. Homegrown Geely, which means "lucky" in Chinese, is hungry for modern and innovative technologies from the Swedish brand to upgrade its cars and tap China's huge auto market....

• M&A Borrowing for the Volvo Deal - China Hearsay
• Report: Geely may have secured funds for Volvo purchase - eGMCarTech

Geely seeks $1b in bank loans to pay for Volvo

People Daily (Free subscription) | 7 hours ago

Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said yesterday. Homegrown Geely, which means "lucky" in Chinese, is hungry for modern and innovative technologies from the Swedish brand to upgrade its cars and tap China's huge auto market....

• M&A Borrowing for the Volvo Deal - China Hearsay
• Report: Geely may have secured funds for Volvo purchase - eGMCarTech

Geely Lines Up Loans for Volvo Bid

The Wall Street Journal (Free subscription) | yesterday

Geely has lined up loans from at least three major Chinese government banks to finance its bid for Ford's Volvo car unit.

Geely readies cash to buy Ford's Volvo brand: WSJ

Market Watch (Free subscription) | 7 hours ago

LOS ANGELES (MarketWatch) -- The parent group of Geely Automobile Holdings Ltd. has lined up loans from at least three major Chinese government banks to finance its bid for Ford Motor Co.'s Volvo car unit, The Wall Street Journal reported late Tuesday, citing a person close to the Chinese auto maker. Zhejiang Geely Holding Group Co., which Ford said late last month was the "preferred...

CHINA: Geely seeks banks' Volvo backing - sources

Just Auto (Free subscription) | yesterday

Chinese carmaker Geely is seeking at least $1bn in loans from the country's banks to finance its $1.8bn bid for Volvo, local news agency sources have said.

Geely organising 1 Billion USD in loans for Volvo

China Car Times (Free subscription) | yesterday

Geely has reportedly reached an agreement with Ford on Volvo IPR, which has lead to further speculation and rumour-mongering in the Chinese press as how exactly Geely plan on buying Volvo. The Chinese press are reporting that Geely several banks and private investors on its side. The biggest lenders are The Bank of China, China Construction and and the Import Export Bank of China,...

Geely Taps China Banks for Volvo Financing

DealBook (Free subscription) | yesterday

Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, Reuters reported.

Geely seeking bank loans to back $1.8 bln Volvo bid

Gasgoo.com (Free subscription) | yesterday

Shanghai, December 1 (Gasgoo.com) China's homegrown automaker Geely is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid to buy Ford Motor's Volvo unit, Reuters reported today, citing sources.

UPDATE 2-Geely taps China banks to back $1.8 bln Volvo deal

Reuters UK (Free subscription) | yesterday

* Chinese private equity funds keen to support - sources (Adds more details and deal background)

Geely taps China banks to back Volvo deal: sources

Reuters (Free subscription) | yesterday

HONG KONG (Reuters) - Geely, the Chinese carmaker tagged as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said on Tuesday.

Report: Geely may have secured funds for Volvo purchase

eGMCarTech (Free subscription) | yesterday

Zhejiang Geely Holding Group is seeking $1billion in loans from Chinese banks to finance its bid for Ford-owned Swedish car maker Volvo. Sources say that three major banks; Bank of China, China Construction Bank, and Export-Import Bank of China have agreed to extend loans to the company. A point of contention that remains is the [...]

China's Geely Won't Bid for Saab

The Wall Street Journal (Free subscription) | 30/11/2009

China's Geely remains focused on its bid for Ford's Volvo unit and won't pursue another global brand at this point.

Geely outlines Volvo tech deal with Ford

Gasgoo.com (Free subscription) | 30/11/2009

Zhejiang Geely Holding Group laid out how it and Ford Motor plan to handle intellectual property (IP) rights for Volvo Car Corp., clearing a major barrier in its bid to acquire the Swedish brand.