Geely Expected to Aquire Volvo in Early 2010

Sources are saying that theZhejianj Geely Holding Group has set a goal of purchasing Volvo by February 14th, 2010, the Chinesse New Year. The deal currently between Ford and Geely would be worth an estimated $1.8 billion. Geely would have full control over Volvo's technologies. Though Volvo would continue to have access to Ford technologies that are needed for Volvo's future development.

-Anthony Alaniz

(Photo: Geely and Volvo logo)