Ford says deal near on Volvo
Sale to China’s Geely expected early in new year
Posted: December 24, 2009 at 4:30 a.m.
A view of the headquarters of Swedish car manufacturer Volvo in Gothenburg, southwestern Sweden, Wednesday, Dec. 23, 2009. US car giant Ford has reached an agreement to sell its Swedish unit Volvo to the Chinese firm Zhejiang Geely, the companies announced on Wednesday. ** SWEDEN OUT **
Ford Motor Co. said Wednesday that it is moving closer to selling its Swedish Volvo brand, even though the U.S. automaker is in far better financial shape than it was when it put the brand up for sale last year.
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Business, Pages 21 on 12/24/2009
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