Due to conflicts over intellectual property rights, Geely Holding’s attempt to buy Ford Motor Co.’s Volvo car unit is in danger of stalling, according to an unnamed source. Since the early part of 2009, there have been talks participated in by representatives from Ford and Geely, parent of Hong Kong-listed car maker Geely Automotive, with regards to the sale, said to be around $2 billion.

The latest talks in London are believed to be focused on the U.S. carmaker’s concerns about sharing its proprietary technology and plans for new products. This point is a critical one since an impasse on that issue could scupper the negotiations. A Ford spokesman said that it has been consistently stating that this process will take some time to unfold. Last September, Geely said that it was considering a bid for Volvo along with a local government-backed investment firm.

[via reuters]

Tags: car news, geely volvo deal, geely volvo deal news, geely volvo deal stall over, volvo sale, volvo sale news, volvosale

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