For example, Jaguar Land Rover was acquired by Tata motor (India) in 2008 and Volvo was sold to Geely Automobile in China in 2010.
FORBES: Auto's P&L problem
Also in Hong Kong, Geely Automobile Holdings jumped 5.1% after the Chinese carmaker announced a 32% increase in its 2012 net profit, with stronger exports offsetting slower domestic sales.
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The acquisition of the Volvo automobile business by Geely is a good initial step, but it is a very small step by global standards.
FORBES: China's Auto Industry Shows Signs Of Impending Gridlock
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