Ford has announced it will sell Volvo to China's largest privately run automaker, Zhejiang Geely Holding Group, for $1.8bn (£1.2bn).
The takeover underscores China’s arrival as a major force in the global auto industry and ends nearly two years of talks over the fate of Volvo. It is the most recent sale of Ford’s former premier group, which at one stage included Aston Martin, Jaguar and Land Rover. Geely chairman Li Shufu said he saw…
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