The growth of the Chinese automobile industry and the rise of Geely auto -- Take Geely to the world: Geely's acquisition of Volvo -- Geely's further expansion on the global stage -- The strategic transformation for the future.

The paper analyses the new trend of outward foreign direct investment (FDI) by multinational companies from emerging countries, in particular the BRICs, in developed countries to question the applicability of the traditional HOS theoretical framework to this trend. A literature review shows that...