Rice in the gears : Volvo deal with Geely now appear uncertain

HONG KONG, March 17 (Reuters) - China's homegrown automaker Zhejiang Geely Holding is facing financing and technology hurdles in its bid to pay up to $2 billion for Ford 's (F.N) Volvo car unit and the likelihood of a short-term deal is low, China Daily reported on Wednesday.
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delan - 3/21/2010 8:07:37 AM

+2 Boost

Well now that Ford is doing better they should pull a GM/Opel and keep Volvo.

4ron - 3/21/2010 11:42:49 AM

+2 Boost

Why should Ford give up Volvo when they are going to have a very difficult time resuscitating Lincoln-Mercury? Volvo's products keep improving, foremost the new S60 coming this year. Besides, Ford has gained a lot of safety technology from Volvo. Wake up, Ford!