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.
Explore contextually related video stories in a new eye-catching way. Try Combster now!