Talks regarding Volvo sale show no progress
By Andrew C., 30 Aug, 2010. 0 Comments
2010 Volvo S40
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, Southwest China, Ford's CEO Allan Mulally said that Ford wants to sell Volvo because it wants to focus solely on Ford's business and not because of poor performance in the auto sector. This report contradicts an article days ago that negotiations between Ford and Geely have come to a halt. Anyway, the two companies have signed a confidentiality agreement; therefore, we shouldn´t expect any confirmation on Geely's involvement in the Volvo race.
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