Official: Ford Sells Volvo To Geely For $1.8 Billion
Thread Starter
|
Staff Reporter
Joined: May 2007
Posts: 16,929
Likes: 54
Official: Ford Sells Volvo To Geely For $1.8 Billion
Ford has confirmed it has reached a definitive agreement to sell Volvo and the Swedish automaker’s related assets to Zhejiang Geely Holding Group Company Limited (Geely). The sale isn’t expected to close until the third quarter of the year--and is still subject to customary closing conditions, including regulatory...More...
Last edited by Jazz; Mar 28, 2010 at 05:26 PM.
Diesel Bombers Sponsor
Joined: Jun 2008
Posts: 228
Likes: 18
From: San Dimas, CA
HHMMMM I like it! 
Be interesting to see what happens to Ford stock on Monday. Definitely a huge move for them. That will be a lot of cash back in Ford's hands and will show them with an overall profit for the second year in a row!
Be interesting to see what happens to Ford stock on Monday. Definitely a huge move for them. That will be a lot of cash back in Ford's hands and will show them with an overall profit for the second year in a row!
Thread
Thread Starter
Forum
Replies
Last Post
1ATony
1A Auto Parts
1
Nov 11, 2015 10:03 AM
Diesel Bombers
Latest Automotive Industry News
0
Nov 4, 2014 01:30 PM
