Talks regarding Volvo sale show no progress
While Geely remains to be in play to take over the Swedish unit Volvo, parent company Ford said there hasn´t been much progress in the talks. At the opening of the new plant in Chongqing,... Read more
Geely’s attempt to buy Volvo in danger of stalling over intellectual property disagreements
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... Read more
Geely seeking at least $1 billion in loans from Chinese banks for Volvo deal
At least three major Chinese banks have Geely back as it pursues its bid for Ford Motor Co. Volvo unit. Geely has already been named the preferred bidder but for the agreement to proceed,... Read more
U.S. consortium planning to make an offer for Volvo
Zhejiang Geely Holding Group, the parent of Geely Automobile, will face tough competition from a US consortium called Crown, which is set to make a bid for Volvo next week, the Dagens... Read more
China approves Geely’s purchase of Volvo
China's Ministry of Commerce has given its approval of Zhejiang Geely Holding Group Co.'s purchase of Ford Motor Co.'s Volvo car unit. This allows the $1.8 billion acquisition, which was... Read more
Official: Ford completes the sale of Volvo to Geely
Ford announced today that it has completed the sale of its Volvo car unit to China's Zhejiang Geely Holding Group for $1.8 billion. Also, Geely announced that Stefan Jacoby, CEO of... Read more
Ford to complete sale of Volvo China’s Geely next week
Ford Motor Co. intends to complete its sale of Volvo Cars to China's Zhejiang Geely Holding Co. next week, finalizing Ford's exit from European luxury brands. Volvo will be sold to Geely... Read more
After Volvo sale, Ford will focus on the ‘Blue Oval’ brand
The sale of Ford Motor Co.'s Volvo unit means that Ford will not have a luxury brand outside North America. While that may seem to be an unfortunate occurrence to some, analysts share the... Read more
Ford considers selling Volvo
It was denied by GM that besides the Hummer it was not selling any of its brands, but the global financial crisis and rough market conditions are bringing grave pressures to put up with.... Read more
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