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Gothenburg – Businesses step come from China’s car manufacturers, Zhejiang Geely Holding Group Co. acquired Volvo still need some extra energy. After successful acquiring the Swedish origin brand, Geely had to pour fresh investment funds worth U.S. $ 1.4 billion for restructuring.

Glenn Magnusson, General Manager of Volvo Center said the nominal fund will be a minimum must be spent to develop financial systems, marketing, production, and distribution for the year ahead.

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Before thinking about investment funds, later this month Geely signed an agreement to acquire Volvo worth U.S. $ 2 billion. Volvo states parties will receive Geely’s presence during willing to provide the necessary operational funds.

“We still want them to show how much their financial ability. Until now we have not seen anything and we were not satisfied,” said Magnusson.

Anders Fogel, from Brunswick Group as a business partner and Geely spokesman said, all acquisitions activities take place as planned and the two producers stick to the original target by a decision by the end of this Month.

Ford party spokesman Mark Truby said it was still determining the final decision after the first quarter of this year and complete the agreement in Volvo sales after the second quarter of this year.

Geely began exploring the acquisition of Volvo as a brand owned by Ford that broke from the mid-2009. Until now, the two-party negotiation process is still ongoing and is targeted to meet the decision in this year.

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