UPDATE 2-Geely up on parent's Volvo bid, to boost brand

Newswire

* Shares rise as much as 4.5 pct to record high * Zhejiang Geely says made great effort and well prepared * Analysts say Volvo buy could help Geely's brand building (Adds analysts quotes) By Alison Leung and Fang Yan SHANGHAI, Oct 29 (Reuters) - Geely Automobile , whose shares have soared as its parent's bid for Ford's Volvo, could win a valuable brand if the bid succeeds, but could take years to see profits from the loss-making Swedish carmaker. Home-grown Geely, which means ...

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