So it looks like Geely is now the front-runner to acquire Volvo from Ford. Analysts have been questioning if the Chinese firm can uphold the brand values and superb safety rep but Geely itself remained confident as the week drew to a close.
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Loads of third-quarter/second fiscal quarter results were out this week. Highlights included VW, dragged down a bit by Seat and Bentley and apparently kept out of the red ink by high flying Audi.
Still no word yet on a final deal inking for Magna and Opel but signs of positive movement here in the UK and a slight difference of opinion in the new German government.
Russia appears to be moving towards requiring full local assembly from CKD kits, which means adding welding, painting and trimming to the skill/equipment sets and offers wider opportuity for local suppliers. That looks like it could impact most on VW.
Fresh back from the States, colleague Dave transcribed his full interview with Ford CEO Alan Mullaly.
End of October already – where has this tumultuous year gone?
Enjoy your weekend.
Graeme Roberts
Deputy/News Editor
just-auto.com
