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Geely buys Volvo - a fresh sign of the march of Chinese FDI
Geoff Riley
29th March 2010
Chinese car maker Geely has signed a deal to buy Volvo from US car giant Ford for $1.8bn (£1.2bn). It is fresh evidence of the foreign direct investment being made by Chinese companies in a bid to buy access to European markets and access Western technology. This BBC news video provides some background. In 2009 China overtook the US as the world’s largest car market.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.