Geely will take control of a 100 percent stake in Volvo, despite reports that Ford wanted to keep some technologies developed by the Swedish unit. Citing a Geely top executive, gasgoo.com reported that the Chinese company will thus purchase all factories, cars and parts, R&D centers, production lines and the rest of the assets, even through Ford was planning to keep some hybrid technologies developed by Volvo and Vattenfall.
Ford and Geely have already signed a preliminary agreement on Volvo,… (read more)