HONG KONG, Dec 1 (Reuters) - Geely, the Chinese carmaker tagged as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said on Tuesday. At least three major Chinese banks including Bank of China, China Construction Bank and Export-Import Bank of China have agreed to offer loans to Zhejiang Geely Holding Group, said the banking sources briefed on the plan. Export-Import Bank of China is a ...
Premium Content (PAID Subscription Required)
"Geely taps China banks to back Volvo deal -sources" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.