Chinese "car nut" appears close to sealing a deal to buy US automaker Ford`s Swedish unit Volvo, a sale he compared to a "poor Chinese lad marrying a Hollywood film star." Us auto giant Ford announced Wednesday it had settled all "substantive commercial terms" of a deal to sell its Swedish unit, Volvo cars, to China`s Zheliang Geely Holding Group.
Li Shufu, Geely`s CEO who has a "car nut" reputation in China, said Wednesday in Beijing that his company hopes to sell on the global marketplace. "The idea of Geely is that we will let Chinese cars go global, instead of just letting global cars be sold around China, but i firmly believe that, in the future, where there is a road, there will be a Chinese car," he said. (It is from SINA News).
In my opinion, I am happy to saw this news because I am really interested in cars. Although Chinese light industry is very well-developed, likes some daily necessities, but Chinese heavy industry is just developing, likes cars, it is much lower than Germanic, Japenese, American. It is a true, but I am still very happy to see that is Chinese heavy industry with the rapid development. I really hope that Chinese cars can export to overseas likes Japenese Toyota `s advertisment: where there is a way for car there is a Toyota.
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