Ford Confirms Geely as Bidder for Volvo Cars
Ford Motor Company (NYSE: F) announced today that a consortium led by Zhejiang Geely Group Holding Co. Ltd. is its preferred bidder in the ongoing discussions concerning the possible sale of Volvo Car...
View ArticleChinese Near to Volvo Purchase From Ford
Ford Motor Company [NYSE: F] and Zhejiang Geely Holding Group Company Limited have agreed on “all substantive commercial terms” regarding the potential sale of Volvo Car Corporation. The announcement...
View ArticleVolvo Sale “Days” Away, Ford Confirms
Ford Motor Co. officials say they expect to complete the $1.8 million sale of Volvo to China’s Zhejiang Geely Holding Group Co. “in the next few days.”
View ArticleFord Takes Huge Loss on Volvo Sale to Chinese
Ford Motor Company today confirmed it has entered into a “definitive agreement” to sell Volvo Car Corporation and related assets to Zhejiang Geely Holding Group Company Limited. The purchase price for...
View ArticleFord’s Farley Gets Key Global Assignment
Some big management changes at Ford. More global duties for marketing czar Jim Farley, while Stephen Odell leaves Volvo to take over Ford of Europe.
View ArticleLi Shufu to Become Chairman of the Board at Volvo
Zhejiang Geely Holding Group Co., Ltd. today announced Li Shufu, its Chairman, will become Chairman of the Board at Volvo Car Corporation upon its acquisition of Volvo from Ford Motor Company. Geely...
View ArticleChinese Give Final Approval to Volvo Sale
China has given approval to the purchase of Volvo from Ford by Geely, permitting the $1.7 bil deal to finally be completed.
View ArticleVolvo Takeover by Chinese Zhejiang Geely is Final
Zhejiang Geely Holding Group Co., Ltd. ("Geely Holding Group") today announced it has completed the acquisition of 100% of Volvo Car Corporation from Ford Motor Company. Geely, a privately held...
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