China: Geely’s Volvo deal financing claimed at US$2.7bn

Apart from the US$1.8bn which it has agreed to pay for Ford's Volvo Cars brand, Chinese vehicle manufacturer Zhejiang Geely Holding Group has lined up additional financing of US$900m. Reuters, citing unnamed sources, said this extra amount will allow Geely to bolster its business and draw down capital during slow periods Subscribe to Automotive World … Continued

• By Webmaster
• March 30, 2010