3 Articles
Ford 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.

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

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

Ford wants $6 billion for Volvo

Ford bought Volvo for $6.4 billion back in 1999. Now, a decade later, unconfirmed reports say the automaker is asking nearly the same amount -- $6 billion -- for the Swedish brand.