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Ford's Volvo car
STOCKHOLM, March 28 (Reuters) – Zhejiang Geely Holding Group, China’s largest private-run car maker, agreed on Sunday to buy Ford Motor’s (F.N) Volvo car unit, the country’s biggest overseas auto purchase.
Details of the deal will be provided at a news conference later on Sunday, Volvo’s spokesman Per-Ake Froberg said.
The takeover underscores China’s arrival as a major force in the global auto industry and ends nearly two years of talks with Geely over the sale of Volvo — the last sale from Ford’s former premier group, which also included Aston Martin, Jaguar and Land Rover.
STOCKHOLM, March 28 (Reuters) – Zhejiang Geely Holding Group, China’s largest private-run car maker, agreed on Sunday to buy Ford Motor’s (F.N) Volvo car unit, the country’s biggest overseas auto purchase. Details of the deal will be provided at a news conference later on Sunday, Volvo’s spokesman Per-Ake Froberg said. The takeover underscores China’s arrival as a [...]
Geely signs deal to buy Ford’s Volvo car unit
Geely signs deal to buy Ford’s Volvo car unit
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