Blog

Geely buys Volvo - a fresh sign of the march of Chinese FDI

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.

Wake up with today’s latest teaching resources & student support

Subscribe to our daily digest and get today’s content delivered fresh to your inbox every morning.

Or follow us
Close

Explore tutor2u

Close

Economics