Essay: The Motive behind the Acquisition of Volvo
Sample Essay
In the middle of 2010, a long-term strategic plan of Geely group turned to be a success story for the company when it acquired Volvo from Ford Motors (Nicholson, 2010). Geely is the leading automotive Chinese group and currently stands among the top ten Chinese automakers. It is however believed that acquiring Volvo is the biggest overseas acquisition China has so far witnessed in its automotive industry. The motive behind this acquisition is aimed at the fulfillment of Geely’s global strategy.