Volvo Becomes China Export?

Geely is hoping to break even on this deal by 2011, China’s Zhejiang Geely Holdings is projecting to produce up to 300,000 Volvo cars a year at a new factory in Beijing, according to sources.

documents submitted to regulators by Geely reports that Zhejiang Geely, parent of Hong Kong-listed Geely Automobile, will complete the purchase of Ford Motor Co.’s Volvo unit for up to $2 billion by May. If they this much capacity it would double Geely’s annual output, that reached 321,900 units in 2009 for the entire group, up 45% from a year earlier. They are targeting that by 2015, it will be able to perform sales of 2 million cars a year. Analysts say that Geely’s plan to break even next year as being highly optimistic at most. Geely has to build a plant first and Chinese buyers might need some time to accept a Volvo that’s made in China. Zeng it will take some time for them to break even.

Read more…

NAIAS 2009 Preview: Volvo S60 Concept Vehicle

The North American International Auto Show kicks off on January 17th to the public. Although it will be missing a few car makers such as Jaguar, it will still be a big hit in the eyes of car lovers and enthusiasts alike. The new Volvo S60 will make is debut at the show next month showing off it’s classy yet sexy sporty looks, if that makes any sense.

You will notice in the images below that the doors in the rear open in a new fashion. Also, you may notice a few image interpretations of new safety features to come. As if you did not know Volvo is suppose to be the safest cars in the world so they stay up on the safety game. Enjoy!