CarAdvice.com.au
Reports from within China suggest a deal between Ford Motor Co and Zhejiang Geely Holding Group Co over the sale of Volvo could be signed on February 8. The Hangzhou-based Geely is expected to pay between $1.7 billion to $2.
Ford Australia is running out the four-speed and five-speed automatic transmissions fitted to its locally made Falcon and Territory and replacing them with an internally sourced six-speed unit.
It's a pretty safe bet that, barring any unforeseen circumstances, China's Geely Automotive will take over Ford's Volvo brand sometime in the new year, which begs the question of just how the well-known brand will change.
General Motors Co.'s Saab unit could be the next European brand to be sold to China's Geely Automobile Holdings Ltd. Geely was negotiating with GM without results a while ago, Lawrence Ang, an executive director of Geely Auto, was asked if talks...
Chinese manufacturer Geely Group Holdings is Fords top bidder to purchase Volvo. Ford will begin more detailed negotiations with Geely, but final decisions have not been made.
A US-led group has entered the race to buy Volvo from Ford in a challenge to China's Geely Automotive. A Ford spokesman said the group was in discussions with interested parties about Volvo cars, but declined to identify the parties, the price...
With Jaguar Land Rover sold to India's Tata, Ford's attempts to lean up even further and go solo are still in progress. However the sale of Volvo is proving to be a little more challenging than originally thought.