Chinese car maker buys Volvo

Volvo has been bought from the Ford Motor Company by the Chinese car maker Geely in a deal worth more than €1.3bn.

Mon, 29 Mar, 2010 - 08:23

Volvo has been bought from the Ford Motor Company by the Chinese car maker Geely in a deal worth more than €1.3bn.

The Chinese company says it will keep Volvo's manufacturing plants in Sweden and Belgium, but it's considering opening factories in China for the local market.

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CourtsBusinessHeathrowPlace: SwedenPlace: BelgiumPlace: ChinaPerson: GeelyOrganisation: VolvoOrganisation: Ford Motor CompanyOrganisation: Volvo Cars
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