Many Swedes are concerned about the latest takeover of Volvo by China's Geely and so they should be. No doubt we will see Saab following close behind.
Geely only began producing cars 10 years ago. Now, almost overnight they will have gained technology and know-how that would have normally taken them decades to accumulate.
This is very sad day for Sweden and another blow to Europe and the Common Market.
We have recently seen the bailing out of the Banking world but manufacturing seems to have little or no importance. Car manufacturing is all about wealth creation not just moving money around by overpaid speculators.
My sincere commiserations to the Swedish people.
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