<A HREF="http://www.leftlanenews.com/geely-to-offer-2-billion-for-volvo-chinese-regulators-question-hummer-deal.html" TARGET="_blank">http://www.leftlanenews.com/ge....html</A><p>Left Lane News cites the Wall Street Journal as the source of its article (refered to in the article as "the report"). WSJ is subsciption only so I did not bother to link.<p><I>China’s Geely Holding Group is expected to finalize a $2 billion offer this week to purchase Volvo from Ford, according to a new report. <p>The Volvo deal stems from a January 2007 discussion between Don Leclair, then Ford’s chief financial officer, and Geely chariman Li Shufu. A year later, Geely got serious about buying Volvo, but Ford decided it would try to restructure the company first. It wasn’t until early this year that Ford and Geely began to seriously discuss a sale. <p>Geely’s $2 billion offer will likely make it the top bidder for Volvo. A decision on the proposed sale could come in the next several weeks, according to the Wall Street Journal.<p><B>Mr. Li’s plan for Volvo, according to the report, is to slash the brand’s costs by taking advantage of lower product development and manufacturing costs available in China</B>.</I><p>I sure hope Mulally does not go through with this. 2 billion would not add that much to Ford's bottom line even if the offer was 100% cash because IIRC, much of the Volvo assets were already mortgaged to raise the cash that is currently sustaining Ford. <p>If if goes through, bye, bye Volvo. I enjoyed your cars. Maybe in 20 years a chineses Volvo will be a safe, solid car, but not in the near term.