Naming Polaris
At the big time node after M&A 10, the saying that Geely is Geely and Volvo is Volvo will die out. Geely and Volvo are considering integrating into a global company with international competitiveness. As soon as the news came out, some worried people joked that after Geely Volvo merged into a car company, it should be called "Lee's Car Shop".
Although it is a joke, it is a joke, but the name "Lee's Car Shop" is the best praise for Li Shufu. From a poor boy, Geely, who staged the myth that a snake swallowed an elephant and married a Swedish princess, to Volvo's unconstrained style, to ten years, Volvo Asia-Pacific established a complete R&D system for ten thousand people from scratch, and to the birth of the Lexus brand owned by Volvo during this period, all these are behind Li Shufu's series of magical operations.
According to the news released by Volvo and Geely on February 10, the two sides are planning to integrate their businesses and form a stronger global enterprise group. The purpose of this powerful alliance is to promote deepening cooperation between the two sides and more effective coordination in technology research and development, cost control and finance. Auto-First noticed that the "electric head" of the news source came from Gothenburg, Volvo's headquarters, rather than Hangzhou, Geely's headquarters, which released a strong signal that Volvo was not passive or even active in the integration process.
According to relevant analysis, through business restructuring, the integrated Geely Volvo will have greater scale advantages and stronger professional capabilities and resources, and continue to lead the industry reform; At the same time, the integrated new group will continue to maintain the unique positioning of its brands such as Volvo Car, Geely Automobile, Link Automobile and Polar Star, and become a veritable international automobile giant. According to the news, in 20 19, the sales of Geely, Volvo, Link, Polaris and other brands of Geely Holdings exceeded 2 million, and the scale of internationalization was further highlighted. In addition to Volvo, Li Shufu is the largest individual single shareholder of Daimler, the parent company of Mercedes-Benz. At the same time, Geely and Daimler also jointly funded the establishment of smart's global joint venture company, and got their hands on the emerging business of shared travel through Cao Cao's travel under Geely.
According to the announcement issued by Geely and Volvo, the reorganized new business group will connect with the global capital market through the listed entity of Hong Kong Geely Automobile, and the next step will be to consider listing in Stockholm. Volvo Cars and Geely Automobile will set up a joint working group to form a restructuring plan and report to the boards of directors of both parties. Analysts pointed out that it is only a matter of time before the integrated Geely Volvo goes public, and it is just around the corner.
Li Shufu said that the new business group after reorganization will be stronger and more competitive. Geely will ask Hanken Samuelson, President and CEO of Volvo Car Group, to coordinate the working group to evaluate the restructuring opportunities. It is expected that the synergy within the group will continue to strengthen, and the competitive advantages of its brands will be further highlighted while maintaining their unique positioning. ".After Volvo Car and Geely Automobile reach an agreement on the terms of reorganization, they will be reported to the board of directors and shareholders' meeting of both parties for approval. After obtaining the approval of the regulatory authorities, the transaction will be conducted according to the current market conditions and the regulations of the Hong Kong Stock Exchange.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.