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.