Today marked the first time in history, a Chinese company owns 100% of a foreign carmaker.
The Chinese carmaker Zhejiang Geely Holding Group paid $1.3 billion cash for the carmaker on Monday and issued a $200 million note payable to Ford. And today, officially Volvo is owned by a Chinese company.
I remember someone said to me, that 1800s was ruled by the British, 1900s was ruled by the U.S. and 2000s will be ruled by the Chinese.
I think early evidences show just that.
for more info about the news, Chinese company bought Volvo by NY Times.
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