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27/03/2010 Ford sells Volvo to Chinese Geely

1:42

Chinese company buys Volvo

1:07

Geely to Buy Volvo From Ford for $1.8 Billion

1:58

Takeover by China's Geely "is a success story": Managing Director of Volvo Car Gent

In October 2009, Ford confirmed that, after considering several offers, the preferred buyer of Volvo Cars was Zhejiang Geely Holding Group, the parent of Chinese motor manufacturer Geely Automobile. In December 2009, Ford confirmed the terms of the sale to Geely had been settled. A definitive agreement was signed in March 2010, for $1.8 billion.
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