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Official: Ford Sells Volvo To Geely For $1.8 Billion

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Old 03-28-2010, 05:20 PM
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Information 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...

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Last edited by Jazz; 03-28-2010 at 05:26 PM.
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Old 03-28-2010, 06:55 PM
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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!
 
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