Chinoiseries....automobiles

THE Chinese firm that part-owns the manufacturer of London’s black cabs is preparing a bid for troubled Swedish carmaker Volvo.
Geely Automotive, a Chinese car manufacturer, has appointed NM Rothschild to advise on a possible bid for loss-making Volvo, which has been put up for sale by its ailing American parent Ford.

Now, it appears that China wants to be a major player in the global automotive industry.