“Geely is determined to protect and nurture all that is great about this famous company,” Shufu said. “I want to emphasize that Volvo is Volvo and Geely is
Volvo confirms: Sale of Volvo from Ford to China's Geely will be signed this Sunday.
STOCKHOLM (Reuters) - Zhejiang Geely Holding Group, China's largest private-run car maker, will sign an agreement on Sunday with Ford Motor to buy the carmaker's Volvo car unit, a Volvo spokesman said on Saturday.
Chinese carmaker Zhejiang Geely Holding signed a deal Sunday to buy the troubled Volvo brand from US auto giant Ford, China's state media reported.The deal was sealed at a ceremony at the Volvo headquarters in Sweden, ...
he terms of the deal are thought to include a $1.8 billion price for Volvo. Geely's purchase of Volvo will give the Chinese automaker the entry into Western markets it wants to help expand its operations, and marks one ..
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