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NINETY EIGHT REGENCY

Li Shufu.

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Li Shufu. The chairman of Zhejiang Geely Holding Group says that he plans to build as many as three new plants in China and eventually make - and sell - 300,000 Volvo vehicles a year there, according to the Wall Street Journal. Volvo sold 335,000 cars total around the world including just over 24,000 vehicles in China in 2009. Uh, let's review, shall we? Volvo has no brand image in China, like zero. Not only that, but Volvo as a company is in deep trouble. Now all of this is supposed to come good by 2015 or so just because they're going to throw money at it?. How about oh hell no?

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