Geely endowed to bid for Volvo

Ford Motor Co is in the process of analyzing bid from Chinese auto maker Geely Holding Group Co to acquire 100% of Volvo for approximately $2.5 billion, according to Wall Street Journal report.

The deal is yet to be settled down, but there are already many Volvo cars fans and owners crying on blogs that no one would want to buy a Volvo made in China because of brand reputation and quality concerns. Some of them even link it with China's low labor salary and environmental protection issues.

Actually I do want to know what make those people think that these Chinese people can only build rockets but not Volvo. I think it even takes Ford a hundred years to get where they are now. So it goes back to the same old question that "now that I am strong, I won't allow you to be strong."

Given the fact that the Chinese car market is now the biggest single market in the world (and still maintaining double digit growth), Volvo will die a slow death if not owned up by a Chinese auto firm soon.

People laughed at GM when it opened up joint ventures in China. Now the JV in China is the only profitable division in the GM line up. For the time being, the Chinese market is where all the real action is for both Chinese and foreign auto firms. So good luck for Volvo to have a Chinese link, if it is realized, when everyone is trying to enter the market due to increasing demand.