A Goldman Sachs private equity fund is investing about USD250m in Geely in a move that could free up capital for a Geely bid for Volvo Cars, according to a report in the Wall Street Journal.
A Goldman Sachs private equity fund is investing about USD250m in Geely in a move that could free up capital for a Geely bid for Volvo Cars, according to a report in the Wall Street Journal.
Goldman Sachs Capital Partners’ purchase of Geely convertible bonds and warrants would give it an unspecified minority stake in the carmaker, the report said.
Geely has said that its parent holding company is considering a bid for Volvo with a Swedish government-backed investment firm.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Neonode has won the Innovation Award for Driver Monitoring Softwarefor its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.
