{"id":489256,"date":"2010-03-30T10:58:36","date_gmt":"2010-03-30T14:58:36","guid":{"rendered":"http:\/\/blog.caranddriver.com\/?p=17833"},"modified":"2010-03-30T10:58:36","modified_gmt":"2010-03-30T14:58:36","slug":"geely-buys-volvo-for-1-8-billion","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/489256","title":{"rendered":"Geely Buys Volvo for $1.8 Billion"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-17834\" title=\"Volvo logo\" src=\"http:\/\/blog.caranddriver.com\/wp-content\/uploads\/2010\/03\/Volvologo-220x134.jpg\" alt=\"Volvo logo\" width=\"220\" height=\"134\" \/>Chinese automaker Zhejiang Geely Holding Group Co., Ltd., has finalized plans to buy Volvo from Ford. The agreement will see Geely owning 100 percent of Volvo&#8217;s operations\u00a0 as well as the company\u2019s intellectual property. The transaction is reportedly valued at $1.8 billion and should be completed, pending regulatory approval, by the third quarter of this year.<\/p>\n<p>The two companies have agreed that Ford will continue to provide Volvo with engines and other components for some time after the deal closes; Ford will also offer technical support and access to Ford technology that features in Volvo vehicles. Geely plans to keep Volvo manufacturing plants in Sweden and Belgium, and will establish new plants in China to produce Volvo products for the Chinese market.<\/p>\n<p>Related posts:<\/p>\n<ol>\n<li><a href='http:\/\/blog.caranddriver.com\/ford-and-geely-settle-on-terms-of-volvo-sale\/' rel='bookmark' title='Permanent Link: Ford and Geely Settle on Terms of Volvo Sale'>Ford and Geely Settle on Terms of Volvo Sale<\/a><\/li>\n<li><a href='http:\/\/blog.caranddriver.com\/ford-chooses-chinese-automaker-geely-as-preferred-bidder-for-volvo\/' rel='bookmark' title='Permanent Link: Ford Chooses Chinese Automaker Geely as Preferred Bidder for Volvo'>Ford Chooses Chinese Automaker Geely as Preferred Bidder for Volvo<\/a><\/li>\n<li><a href='http:\/\/blog.caranddriver.com\/volvo-a-win-win-for-geely\/' rel='bookmark' title='Permanent Link: Volvo: A Win-Win for Geely'>Volvo: A Win-Win for Geely<\/a><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Chinese automaker Zhejiang Geely Holding Group Co., Ltd., has finalized plans to buy Volvo from Ford. The agreement will see Geely owning 100 percent of Volvo&#8217;s operations\u00a0 as well as the company\u2019s intellectual property. The transaction is reportedly valued at $1.8 billion and should be completed, pending regulatory approval, by the third quarter of this [&hellip;]<\/p>\n","protected":false},"author":6409,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,7],"tags":[],"class_list":["post-489256","post","type-post","status-publish","format-standard","hentry","category-mobile","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/489256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6409"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=489256"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/489256\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=489256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=489256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=489256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}