UPDATE 2-China's Geely confident on Volvo bid - chairman

viernes 30 de octubre de 2009 11:39 CET

* Talks still at early phase, Geely 'taking its time'

* Financing consortium includes foreign banks

* Geely seeking path onto world stage (Adds chairman's quotes; details)

By Fang Yan and Alison Leung

SHANGHAI, Oct 30 (Reuters) - China's Geely is confident its bid for Ford Motor's (F.N: Cotización) Volvo car unit will be successful, chairman Li Shufu said on Friday, as it seeks to lead China's automakers onto the global stage.

Zhejiang Geely Holding Group, the parent of Geely Automobile (0175.HK: Cotización) was named by Ford Motor (F.N: Cotización) as a preferred bidder for its loss-making Swedish unit Volvo Car Corp late on Wednesday. [ID:nHKG181412]

Li told Reuters on the sidelines of a business event in Shanghai that the talks were still at an early stage and were proceeding at a cautious pace.

"There are lots of details and we're taking our time," said Li, one of the 12 winners of Ernst & Young's Entrepreneur of the Year China 2009 award.

"We will continue to work hard and bring Geely to every corner of the world," Li said in accepting his award.   Continuación...