Aug02
Aug. 2, 2010 – Ford Motor Company [NYSE: F] today announced it has completed the sale of Volvo Car Corporation and related assets to the Zhejiang Geely Holding Group Company Limited. The total purchase price for Volvo and related assets set forth in the agreement signed in March 2010 was $1.8 billion, including a $200 million note and the balance in cash, with the cash portion subject
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Mar29
China's Zhejiang Geely Holding Group Co. agreed to buy Volvo cars from Ford Motor Co. on Sunday for $1.8 billion, a landmark agreement designed to vault the Chinese company onto the global automotive stage. Geely's acquisition of the Swedish brand is the latest example of how China's economic rise is reshaping large swaths of global business, Its huge market and increasingly powerful companies are playing a growing role around the world in industries ranging from cars to natural...