Geely Automobile is a Chinese company that will likely buy Volvo from Ford and has already developed a turnaround plan for the Swedish manufacturer that could attract buyers to used S80s in New York.

Volvo has been losing money lately, according to an article recently published by the Wall Street Journal (WSJ). But Geely wants to buy the Swedish company and start building 1 million Volvos a year, though some industry experts wonder if this can be done.

“Time and again Geely has accomplished what others said was not possible,” Michael Dunne, an auto analyst, said to the news source. “But to boost sales in North America and Europe to 600,000, Geely is going to have to find a way to take a company that is losing money and market share in mature markets and turn it completely around. That would require a stroke of genius.”

With 60 percent of its Volvos selling in the West, Geely would attempt to move the remaining 400,000 elsewhere, according to the news provider. The company would keep 200,000 for its home market.

The S80 is one of the Volvos that was produced under Ford. Although Volvo’s financial performance hasn’t been impressive recently, the S80 offers a lot attractive options such as a six-speed manual gearbox and a 2.5-liter engine that gets up to 22 MPG. A 2005 S80 will generally sell for under $14,000, according to Edmunds.com – a good price for an executive sedan that’s only been on the road for four years.

While Ford and Geely haven’t yet signed a deal, it’s possible that the Chinese bidder’s presence could generate interest in used Volvos in New York.