The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Special Report: How The Chinese Tycoon Behind the Wheel of Volvo Plans to Take On Tesla

News Snapshot:

By Norihiko Shirouzu HANGZHOU, China (Reuters) – “Do you know how big Volvo is?” asked Don Leclair, chief monetary officer at Ford Motor Co. It’s 2008, and Leclair responds to an offer from a little-known Chinese businessman to buy the Swedish automaker, owned by Ford. The entrepreneur, Li Shufu, had a company with less than a share of Volvo’s sales and a flagship model, King Kong, almost unknown outside Of China. He was shown the door to the “Glass House,” Ford’s iconic headquarters near Detroit. According to two other people at the meeting, Ford’s Leclair did not respond to requests…

Other China Tech Buzz: