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58BREAKING: Ford officially sells Volvo to Geely for $1.8b

2011 Volvo S60 – Click above for high-res image gallery

92Ford finalizes deal to sell Volvo to Geely for $1.8 billion

At press conference in Gothenburg, Sweden today, Ford executive vice president Lewis Booth and Geely chairman Li Shufu announced that the companies have reached a final deal to sell Volvo to the Chinese automaker. The final purchase price is $1.8 billion, which includes some of Volvo's intellectual property and its other physical assets.

63Ford officially confirms China's Geely as preferred bidder for Volvo

Volvo S60 concept - click above for high-res image gallery

45REPORT: Geely's plans to buy Volvo from Ford unravelling over intellectual property concerns?

Ford has been trying to offload the Volvo brand since December of 2008, but after years of rumors and speculation those 10 months feel more like a decade. China's Geely has been speculated as the number-one bidder for the Blue Oval's Swedish luxury brand, but a report by Bloomberg asserts that the long-awaited accord could be shelved due to concerns over Ford's intellectual property.

15Safety First: Daimler reportedly passes on buying Volvo

Volvo and Mercedes-Benz have been known for decades as automotive safety pioneers, sharing between them the bulk of new innovations in the field. These days, however, automakers are as as concerned about their financial security as they are with occupant safety. With the latter in mind, reports indicate that Mercedes parent company Daimler has decided against buying Volvo from Ford.

21Ford in further talks with Shanghai Auto to sell Volvo

The UK's Sunday Mail is reporting that Ford has returned to Shanghai Automotive Industry Corp. (SAIC) to make another pitch to sell Volvo. As we told you back in June, SAIC is one of the leading contenders to snap up Volvo. Although Ford had long maintained the Swedish automaker was not for sale, it recently admitted it was entertaining offers for the firm. Having paid $6.4 billion for Volvo back in 1999, it is believed that Ford is now seeking around $6 billion for the company. That's a lot of

12Swedish Sell-A-Thon! Ford reconsiders selling Volvo

Ford announced today that it's "re-evaluating strategic options for Volvo Car Corporation", which in plain English means that it may sell the Swedish brand that it's owned since 1998. The Dearborn-based automaker says this re-evaluation will take about three months, during which Ford and Volvo will work together as they always have. While the sale of Volvo will be no doubt be decided upon during this time, Ford has also said it will be working on propping Volvo up as a stand-alone business since

8Ford discusses selling Volvo with Renault, again

As Ford reportedly prepares to offload Volvo and dismantle the last remaining vestiges of its once proud Premier Automotive Group, reports indicate that discussions were, once again, held with Renault.

14Chinese automaker denies rumor about interest in Volvo

An eternally unanswerable question seems to be whether or not Ford is actively shopping around Volvo for a buyer. Just this week we reported that Chinese automaker SAIC and some Russian investors had expressed interest in purchasing the Swedish carmaker from Ford, but today we learn from a source within SAIC that the company is doing nothing of the sort. The unidentified source said that, as far as he/she knew, the two companies were not in contact about a possible purchase at all. Volvo's stayi

29REPORT: Ford secretly planning summer sale of Volvo

The Business in the UK is speculating that, despite comments to the contrary, Ford is planning to auction off Volvo as soon as its deal to unload Jaguar and Land Rover to Indian automaker Tata is done. The summer sales event that would see the last of Ford's Premiere Auto Group sold off is expected to fetch Ford around $6 billion, which is just a smidge less than the $6.45 billion the automaker paid for the Swedish brand back in 1999. Unfortunately, despite a much improved product line-up, Volvo

14Ford denies discussing sale of Volvo

Earlier this month we brought you a rumor that BMW was in talks with Ford to buy Volvo. Then just this week the rumor popped up again, in a Swedish newspaper. Now Ford comes out to officially quash the story, saying, "Ford Motor Company is not in discussions with BMW or any other company regarding an interest in the Volvo Car Corporation."

AddFord and Volvo to invest $1.36 billion for new hybrid technology

With hybrids the alternative vehicle of choice for most consumers (yes, there are more flexible-fuel vehicles on the roads today, but how many people fill them with E85?), Ford and its Volvo subsidiary announced last week that they would invest over a billion dollars in a new center in Goteborg to develop new hybrid systems for their vehicles. This BusinessWeek article says the companies will use the new hybrid technology in all of Ford's brands in Europe and for Volvo models worldwide. Volvo wi

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