Earlier today at a press conference in Gothenburg, Sweden, Ford announced that they have reached a definitive agreement to sell Volvo and all related assets to Zhejiang Geely Holding Group Company Limited.
The deal is valued at $1.8 billion, and Volvo will be 100 percent owned by Geely. Ford will continue to supply Volvo with [...]
March 28, 2010
Finally! Ford reaches agreement to sell Volvo to Geely
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Finally! Ford reaches agreement to sell Volvo to Geely
Earlier today at a press conference in Gothenburg, Sweden, Ford announced that they have reached a definitive agreement to sell Volvo and all related assets to Zhejiang Geely Holding Group Company Limited.
The deal is valued at $1.8 billion, and Volvo will be 100 percent owned by Geely. Ford will continue to supply Volvo with [...]
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