Ford Sells Volvo to Geely for $1.8 Billion

Ford Sells Volvo to Geely for $1.8 Billion
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Ford Motor Co. has announced it has reached a final agreement to sell its Swedish Volvo brand to China’s Geely Holding Group. The sale price is set at $1.8 billion, a fraction of the $6.5 billion Ford paid to buy Volvo back in 1999. The sale of the Volvo brand completes Ford’s corporate strategy to… Continue Reading...