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

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Factfile

About Geely

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

Volvo's executive confident after takeover by Geely

2010-04-01 07:17:00 GMT Xinhua English NEW YORK, March 31 (Xinhua) -- Volvo's North American CEO on Wednesday expressed confidence in the company's future after a takeover by China's Geely.

Geely could find Volvo a tough nut to crack

2010-03-31 01:41:19 GMT China Daily BEIJING, March 31 -- When Li Shufu, chairman of Zhejiang Geely Group Holding Co Ltd, celebrated the company's agreement taking over Swedish luxury brand Volvo on Tuesday, nobody could foresee the challenges and risks ahead for the Chinese automaker.

China's Geely set to inject 900 mln USD operating capital into Volvo

2010-03-31 00:58:54 GMT Xinhua English BEIJING, March 30 (Xinhua) -- Chinese auto maker Zhejiang Geely Holding Group is ready to inject 900 million U.S. dollars operating capital into Volvo on top of the 1.8 billion U.S. dollars purchase price, Geely chairman Li Shufu said Tuesday.

China's Geely buys Volvo unit for 1.8 bln U.S. dollars

2010-03-29 01:13:44 GMT Xinhua English GOTEBORG, Sweden, March 28 (Xinhua) -- China's Zhejiang Geely Holding Group signed a deal worth 1.8 billion U.S. dollars with Ford Motor Co. here Sunday to acquire the U.S. auto giant's Volvo car unit.

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Geely-Volvo deal a new chapter for Chinese companies

2010-03-30 10:27:35 GMT Xinhua English BEIJING, March 30 (Xinhua) -- Chinese automaker Geely has finally married Sweden's iconic Volvo brand with a wedding gift valued at 1.8 billion U.S. dollars.

Geely Rises After Reaching Agreement to Buy Volvo

2009-12-24 03:45:22 GMT SINA.com Geely Automobile Holdings Ltd. rose in Hong Kong trading after agreeing on most terms for acquiring Ford Motor Co.’s Volvo unit, paving the way for the Chinese company to buy an established overseas brand and new technology.

Geely nears Volvo buy, as China ascends in autos

2009-12-24 03:41:43 GMT SINA.com Ford Motor Co (F.N) said on Wednesday it is nearing an agreement to sell its Volvo Swedish cars unit to China's Geely in a deal that underscores China's arrival as a major force in the global auto industry.

Geely near Volvo buy, sign of China's rise in autos

2009-12-24 03:30:23 GMT SINA.com Ford Motor Co (F.N) said on Wednesday that it expected to finalize the sale of Volvo to China's Geely in the first half of 2010 in a deal that underlines China's arrival as a major force in the global auto industry.