Report: China's Geely Reaches Agreement to Buy Volvo From Ford

Full story: Motor Trend

Volvo has issued an official response to the report, calling it "speculative" and "inaccurate." Chinese automaker Geely has signed a letter of intent to purchase Volvo from Ford, a Chinese news site is reporting today.

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richard

Santiago, Chile

Judged:

I really hope this is not true, chinease are experts in buying good brands and converting them to cheap and lousy products, if not ask what happened to MG group.

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Angered, Sweden

It is shame for Swedish folk if they lose they industrial best racing horse. One by one famous brand made by our ancestors have been sold by lousy children. What will do our grand children, and from where will come our pensions? From China? As has happened to Americans? Back to forest, middle age?

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