FACTBOX-How do carmakers Geely and Volvo compare?

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Sun Mar 28, 2010 9:21am EDT

 March 28 (Reuters) - Zhejiang Geely Holding Group, China's
largest private-run car maker, agreed on Sunday to acquire Ford
Motor's (F.N) Volvo car unit, the country's biggest overseas
auto purchase. [ID:nLDE62R08N]
 Zhejiang Geely, which produces sedans through its Hong
Kong-listed Geely Automobile Holdings Ltd (0175.HK), is China's
10th largest automaker based on 2009 sales. It has set a 2010
sales target at 400,000 units, up 23 percent from 2009 but
slower than a 59 percent growth last year.
 Below are selected financial statistics for Geely and Volvo:
 
 GEELY AUTOMOBILE
                          2009         2008       2007
 Revenue:             (f'cast)     (actual)    (actual) in $
mln
                       2,038.9       *628.2      19.3
 pct changes              +225       +3,155      +3.8
 Net Profit:          (f'cast)     (actual)    (actual) in $
mln
                         201.4        128.8      44.3
 pct changes             +56.4       +190.7     +44.9
 Employees:             11,100        9,945     8,813
 Shrs issued:       **6.62 bln     5.845 bln   4.93 bln
 Market Cap:    $ by year end
                       3.6 bln       472 mln    556 mln
 
 Sources: Geely Auto annual report and foreasts from Thomson
Reuters I/B/E/S
 * 2008 revenue jumped significantly after the company
finished buying control of all its parent's car plants.
   ** As at the end of June 2009
 
 VOLVO CAR CORPORATION
 
                          2009         2008       2007
 Revenue in $ mln:      12,400       14,679     17,859
 pct changes               -16          -18       n/a
 Pretax result in $ mln:  -653       -1,465       -164
 Employees:             19,650       22,732     24,386
 
 Other: Volvo last made a full-year profit in 2005. Its main
plants are in Torslanda, Sweden, and Ghent, Belgium. It also has
manufacturing units in Uddevalla, Sweden, and Chongqing, China,
as well as in Malaysia and Thailand.
 Source: Volvo Car Corporation.
 ($1=HK$7.8=6.827 Yuan)
 (Reporting by Alison Leung and Niklas Pollard, editing by Will
Waterman)



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