We nearly abandoned all hope (or fear) that China might buy a Western brand. The Ford-Volvo-Geely deal was on the ropes, supposedly over intellectual property worries. We didn’t believe it. Finally, FoMoCo officially announced that they had inspected all the bids. Geely came out on top, says the Wall Street Journal. China’s Zhejiang Geely Group Holdings Co.
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Geely Close To Closing Volvo Deal