Thu, August 19, 2010

Ford sells Volvo to Geely

Geely to buy Volvo from Ford for $1.8 billion

Zhejiang Geely Holding Group signed a binding deal Sunday to buy Ford Motor Co.'s Volvo Cars unit for $1.8 billion, representing a coup for the independent Chinese automaker which is aiming to expand in Europe. Full story

Factfile

About Geely

Shanghai Geely International Corporation (hereafter referred to as Geely International) was founded in July, 2002.

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