Geely to pay US$ 1.8 billion for Volvo?

Posted by Harvinder

January 27, 2010

According to a report by Trading Markets, China-based Geely will have to part with US$ 1.8 billion on February 8th in order to take over Volvo from Ford. At the same time rumors are circulating that Ford may let the Swedish brand go for as low as US$ 1.6 billion. Ford first took over Volvo in 1996 for a sum of US$ 6.45 billion. More information should be revealed once we enter the second month of the year.