Volvo to be Sold to Geely for $1.8 billion?

Just as soon as reports came in of the sale of Saab,  reports came in just as quickly for a sale of Saab’s rival, Volvo.

Chinese brand Geely has been rumoured to be the preferred bidder of Volvo for quite some time now and it looks as though they are closer to acquiring the premium brand from Ford. And all it will cost them is $1.8 billion -a bargain!

You see, Ford purchased Volvo just over a decade ago to the tune of $6.25 billion. That’s over $4 billion lost in just eleven years. In all that time, it has been said that Volvo failed to be profitable to Ford, hence the reason of the sale.

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