Ford confirms sale of Swedish brand to Chinese giant
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Ford expects to sign a deal to sell its Volvo car unit to China's Zhejiang Geely Holding Group by the first quarter of 2010 and close the deal in the second quarter, the U.S. automaker announced today.
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Ford expects to sign a deal to sell its Volvo car unit to China's Zhejiang Geely Holding Group by the first quarter of 2010 and close the deal in the second quarter, the U.S. automaker announced today.
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Ford Motor Co. said it expects to wrap up the sale of Volvo to China's Geely in the first half of 2010 in a deal that underlines China's arrival as a major force in the global auto industry.
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Ford Motor Co. expects to sign an accord to sell Volvo to China's Zhejiang Geely Holding Group by the first quarter of 2010 and close the deal in the second quarter. Ford said today that all of the deal's key commercial terms have been settled.
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Ford Motor Co. expects to sign a deal to sell Volvo to China's Zhejiang Geely Holding Group by the first quarter of 2010 and close the deal in the second quarter, the U.S. automaker announced today.
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Ford confirmed on Wednesday that "all substantive commercial terms relating to the potential sale of Volvo Car Corporation have been settled between Ford and Zhejiang Geely Holding Group Company".
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Ford may announce the sale of its Volvo unit to Zhejiang Geely Holding Group as early as today, Bloomberg News reported, citing a person familiar with the matter.
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Ford Motor Co. and China's Zhejiang Geely Holding Group are set to report progress as soon as Wednesday in talks to sell Ford's Volvo unit to the Chinese automaker, two people with direct knowledge of the matter said.
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Ford Motor Co. and China's Zhejiang Geely Holding Group are set to report progress as soon as Wednesday in talks to sell Ford's Volvo unit to the Chinese automaker, two people with direct knowledge of the matter said.
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Ford Motor Company [NYSE: F] confirmed today that all substantive commercial terms relating to the potential sale of Volvo Car Corporation have been settled between Ford and Zhejiang Geely Holding Group Company Limited.
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The highly capable Volvo XC70 was redesigned for 2008, as such 2010 brings little in the way of changes other than a realignment of options, to bring the vehicle's content packages more inline with the desires of the Canadian consumer.
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In News Brake: Ford will drop a 5.0-liter V8 in the 2011 Mustang, Volvo electrifies the C30--again, and General Motors will shutter Saab . . . But Wait, There's More!
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Ford is moving closer to a sale of its Swedish Volvo unit to Zhejiang Geely Holding Group.
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Volvo is bringing a battery-powered electric C30 to the Detroit auto show in January. Volvo says it plans to make a test fleet of 50 battery-powered C30s for a two-year trial starting in 2011.
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Volvo is bringing a battery-powered electric C30 to the Detroit auto show in January. Volvo says it plans to make a test fleet of 50 battery-powered C30s for a two-year trial starting in 2011.
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Not a lot of changes are in store for Volvo's highly popular XC90 crossover for 2010. This highly versatile rig gains additional practicality, with the addition of a third row seat as standard equipment across the model line-up rather than as an option. And that line-up is broken into three distinct trim levels with adjusted lists of standard equipment for 2010.
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Volvo is bringing another battery-powered electric C30 to the Detroit auto show in January.
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Volvo bidder Zhejiang Geely Holding Group on Thursday said it had signed up Johnson Controls as its global auto parts supplier.
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Volvo Cars will unveil its next-generation battery electric powered C30 at the Detroit show next month, the next step in the development process from the driveable electric prototype which the company showed in Frankfurt earlier this year.
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