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The much anticipated deal between Ford and Chinese manufacturer Geely Automotive whereby the latter is to acquire Volvo, is set to be signed on February 8 according to the Chinese Media. Estimates for the final sale-price have been put between $1.5 billion and $2 billion. Ford acquired the Swedish carmaker in 1999 for $6.5 billion and has poured billions into it.<\/p>\n
A Chinese source says that Geely plans to almost double Volvo\u2019s production with the construction of a plant outside Beijing, and expects a return to profitability by 2011.<\/p>\n
Chinese web site 163.com<\/em> reports that the XC60 crossover could be the first model produced. The S40 and S80 sedans are already produced in China by a Ford-Mazda joint venture.<\/p>\n – By: Stephen Calogera<\/em><\/p>\n Source: Inside Line<\/a><\/p>\n The much anticipated deal between Ford and Chinese manufacturer Geely Automotive whereby the latter is to acquire Volvo, is set to be signed on February 8 according to the Chinese Media. Estimates for the final sale-price have been put between $1.5 billion and $2 billion. Ford acquired the Swedish carmaker in 1999 for $6.5 billion […]<\/p>\n","protected":false},"author":288,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-646798","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2Ige","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/646798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/288"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=646798"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/646798\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=646798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=646798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=646798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/img><\/a>
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