Tuesday, October 27, 2009
Chinese car company continues Volvo sale talks
Chinese motor manufacturer Geely is continuing to talk to Ford Motor Company about the acquisition of its Volvo Cars subsidiary.
It is believed that the talks focus on the price to be paid for Volvo and access to Ford's intellectual property.
Geely has already said that it might work with Chinese state investment companies on its bid, and is the only bidder for Volvo to have made its interest public. The carmaker has offered about $2 billion for Volvo.
Ford has declined to comment on the talks.
DATED: 27.10.09
FEED: AW
