Friday, December 31, 2010
Doing Businesses in the Chinese Way-IV
China’s Zhejiang Geely Holding Group made a deal with Ford (which has been seeking to sell the money-losing unit since late 2008) to buy VOLVO during the end of March. It will cost $1.8 billion, one of largest foreign brand acquisitions by the Chinese company. But the Geely currently ranks only 10th among companies in China with less than a 3 percent market share in 2009. In China, people prefer foreign brands; therefore, Volvo might expand its market share in China. Currently Volvo sold mere 22,405 units in 2009 while Audi sold a record 157,188 units (1 April 2010, Japan Times).
Labels: Chinese Way Business
After growing up and studying in China and Japan, Dr. Suganuma went to the U.S. for graduate studies, earning master’s degrees at both St. John's University (in Chinese studies) and Syracuse University (in international relations) as well as a Ph.D. (in geography) from the Maxwell School of Syracuse University.