Volvo sale to Geely hits snag

Zhejiang Geely Holding Group Chairman Li Shufu said that talks with Ford about the purchase of Volvo has hit a snag. The problems are on the Ford side but the sale is still expected to be completed.

“We’re ready to seal the deal, the situation was changing constantly and the negotiation process very tough” said Li.
“If [...]

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Article Date: Mar 19,2010