Volvo’s Sale to Geely Won’t Be Derailed

Even if the sale of HUMMER to Sichuan Tengzhong failed to go through, Geely is still in discussion to complete the Volvo acquisition, representatives of the Swedish brand said at the 2010 Geneva Auto Show in Switzerland. Volvo CEO’s Stephen Odell said in a statement for Reuters that Ford and Geely are expecting to complete the sale in the first quarter of 2010, which means a final decision is likely to come by the end of March.

"Nothing’s changed … they were planning a signing before t… (read more)