The European Commission has given its approval for the proposed acquisition of Volvo by Chinese OEM Geely, reports Associated Press. Volvo’s owner Ford announced that it would sell the division to Geely earlier this year for US$1.8bn. The sale is scheduled to be completed in the third quarter of 2010. Ford Subscribe to Automotive World … Continued
The European Commission has given its approval for the proposed acquisition of Volvo by Chinese OEM Geely, reports Associated Press. Volvo’s owner Ford announced that it would sell the division to Geely earlier this year for US$1.8bn. The sale is scheduled to be completed in the third quarter of 2010.
Ford
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https://www.automotiveworld.com/articles/82791-sweden-china-ec-approves-geely-volvo-deal/
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