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20Volvo sale to Geely to close next week?

Volvo may finally part ways with Ford by the end of next week. The Detroit Free Press reports that the Blue Oval is aiming to close its $1.8 billion sale of the Swedish automaker to Geely in as little as 10 days, though Ford has merely said that its goal is to hand over the Volvo reigns by the end of the third quarter of this year. The move to send Volvo packing is part of Ford CEO Alan Mulally's strategy to slim the company down to focus on its core brands – a scheme that seems to be work

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.

20Geely: Volvo talks have hit snag, still expect purchase to happen

Ford has been attempting to sell Volvo since 2008, and Zhejiang Geely Holding Group has been the lead bidder for almost as long. But for a multitude of reasons the deal just keeps getting drawn out. A recent report from Automotive News shows that the folks in China may be getting a little impatient with the long and likely arduous process. AN quotes a Wall Street Journal report claiming Geely Chairman Li Shufu says the Volvo deal has hit a snag, but the chairman reportedly was click to point out

3Autoblog Podcast #159 - Reilly Brennan from AOL Autos comes by the podcast clubhouse

Click above for the Autoblog Podcast in iTunes, RSS or listen now!

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

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

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