FORD AND GEELY have today announced a binding agreement on the sale of Volvo, which will see the Chinese carmaker buy the Swedish brand from Ford for nearly AU$1.98 billion dollars - roughly a third of Ford's original buyout of Volvo in 1999.
Ford Chief Financial Officer Lewis Booth told press today that the US carmaker considered the sale a "fair price for a good business"... Read more inside The Motor Report
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