The completion of the acquisition of Volvo by the Chinese Geely approaches: the largest carmaker in the Asian country said they had received “strong support” by the Beijing government for the transaction.

During a press conference held today in Hong Kong, the CEO of Geely, Gui Shengyue, admitted that “without the support of the government would not be possible to buy Volvo”, leaving leaked much more than that on the rapid formalization of a public financial support.

Finally it should be noted that in addition to this extraordinary maneuver, Geely (like other Chinese homes) benefit from a program of government subsidies will be extended to 2010. Will act as the other major manufacturers in the Asian country before the strengthening of Geely in terms of technology? Chery, the largest rival, said long ago that might not buy a foreign car manufacturers. We’ll see …