China: Govt approves Geely’s acquisition of Volvo Cars

Zhejiang Geely, privately-held parent of Chinese vehicle manufacturer Geely Automobile, has received approval from the National Development and Reform Commission (NDRC), the country's state planner, for its planned acquisition of Ford's Sweden-based car manufacturing subsidiary Volvo Cars. "We have received all approvals required from the central government. We are currently working Subscribe to Automotive World … Continued

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• July 30, 2010