According to Xinhua News Agency China Zhejiang Geely Holding seabet club Co., Ltd.28Japan and Ford Motor Company of the United States officially signed an agreement to acquire Volvo Car Company in Gothenburg, Sweden。Get seabet club100%’s equity and related assets (including intellectual property rights).
Bride price spent18100 million US dollars
According to the agreement between the two parties, Geely will100%Owns the Volvo brand and acquires seabet club9Series of products,3Latest platforms,2000Multiple global networks、Related talents and important supplier system。
Today，Li Shufu, Chairman of Geely seabet club, and Levi Booth, Chief Financial Officer of Ford Motor Company, signed the agreement in Gothenburg，Minister of Industry and Information Technology Li Yizhong attended the signing ceremony。
Geely seabet club acquires Volvo Cars18USD 100 million has been received，At the same time，Geely seabet club has also prepared the working capital loan needed for Volvo Cars’ future business development。Volvo is still losing money，Want Volvo to turn a profit，Geely still needs to invest16Billion—20100 million yuan in liquidity.
A new factory will be built in China
Except equity acquisition，The agreement also involves Volvo cars、Intellectual property disputes between Geely seabet club and Ford Motor、Important terms agreed on parts supply and research and development。These agreements fully guarantee the independent operation of Volvo Cars、Continue to implement existing business plans and future sustainable development。
Geely seabet club will retain Volvo Cars’ existing plants in Sweden and Belgium，At the same time, a new factory will be built in China in due course，Making production closer to the Chinese market。
As part of this transaction，Geely seabet club will continue to maintain Volvo and its employees、Trade Union、Supplier、Dealer，Especially the good relationship established with users。After the transaction is completed，Volvo Cars is still headquartered in Gothenburg, Sweden，Under the guidance of a new Board of Directors，Volvo Cars’ management team will be solely responsible for the day-to-day operations of Volvo Cars，Continue to maintain Volvo’s leading position in safety and environmental protection technology，Expand Volvo cars as a top luxury brand in the world100Business in multiple markets.
In the pension gap、Liabilities、After regular adjustments to the acquisition price based on cash and working capital accounting，Geely and Ford expect to complete delivery in the second quarter of this year。