You’ve got to love the Chinese negotiation style. First they’re interested in Volvo, then they release a statement saying they’re not. Then they follow THAT up by announcing they’re trying to raise two hundred and fifty million dollars, which they IMMEDIATELY follow up by saying that it’s not at ALL for buying Volvo because that’s not near enough money for the beleaguered loss-leading car line.
“The size of the bond and warrant issue is not enough compared with what would be needed for the Volvo takeover,” the executive was quoted as saying.
See, that’s exactly what they said. It kills me, really it does, but it sounds for all the world like they’re interested. They’re hiding it really well but they keep dropping hints. Lots, and lots, and lots of hints.
I suppose only time will tell, but I expect to be hearing the phrase “will tender an offer” soon.
Tags: Business, Ford, Geely, Geely Automotive, stock buy, Volvo