geelyauto blogspot.com

Geely Automotive - China Cars

Monday, March 29, 2010. Chinas GEELY automaker BUYS Swedens VOLVO. HONG KONG Ford Motor Co. reached an agreement yesterday to sell its Volvo subsidiary to a Chinese conglomerate, in the clearest confirmation yet of Chinas global ambitions in the auto industry. Zhejiang Geely Holding Group, based in Hangzhou, agreed to pay 1.8 billion for Volvo, with 1.6 billion in cash and the rest in a note payable to Ford. Zhejiang Geely said it planned to retain production of Volvos in Sweden, but it is expected .
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Geely Automotive - China Cars

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Monday, March 29, 2010. Chinas GEELY automaker BUYS Swedens VOLVO. HONG KONG Ford Motor Co. reached an agreement yesterday to sell its Volvo subsidiary to a Chinese conglomerate, in the clearest confirmation yet of Chinas global ambitions in the auto industry. Zhejiang Geely Holding Group, based in Hangzhou, agreed to pay 1.8 billion for Volvo, with 1.6 billion in cash and the rest in a note payable to Ford. Zhejiang Geely said it planned to retain production of Volvos in Sweden, but it is expected .

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This web page geelyauto.blogspot.com states the following, "Monday, March 29, 2010." We saw that the webpage said " Chinas GEELY automaker BUYS Swedens VOLVO." It also said " HONG KONG Ford Motor Co. reached an agreement yesterday to sell its Volvo subsidiary to a Chinese conglomerate, in the clearest confirmation yet of Chinas global ambitions in the auto industry. Zhejiang Geely Holding Group, based in Hangzhou, agreed to pay 1. 8 billion for Volvo, with 1. 6 billion in cash and the rest in a note payable to Ford. Zhejiang Geely said it planned to retain production of Volvos in Sweden, but it is expected ."

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