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China's Zhejiang Geely Holding Group has signed a deal with the Ford Motor Corporation to acquire the US firm's Volvo vehicle unit. Geely, China's largest private-run car manufacturer, has agreed to buy Ford's Volvo automobile unit for 1.8 billion US dollars the country's largest overseas vehicle sector acquisition. Geely's founder and chairman, Li Shufu, and Ford's executive vice president, Lewis Booth, inked a binding agreement on Sunday at Volvo's headquarters in G?teborg, Sweden. (DIALOGUE Edition 88-2010)

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channelId 1 1 2 96a97247a3044a812585a9bc06c01d61 860010-1116051800 China's Zhejiang Geely Holding Group has signed a deal with the Ford Motor Corporation to acquire the US firm's Volvo vehicle unit. Geely, China's largest private-run car manufacturer, has agreed to buy Ford's Volvo automobile unit for 1.8 billion US dollars the country's largest overseas vehicle sector acquisition. Geely's founder and chairman, Li Shufu, and Ford's executive vice president, Lewis Booth, inked a binding agreement on Sunday at Volvo's headquarters in G?teborg, Sweden. (DIALOGUE Edition 88-2010) CHINA’S GEELY TAKES OVER VOLVO