Sunday March 28th, Geely signed a stock purchase agreement with Ford Motoe Company whereby they would acquire the assets of Volvo Car Corporation.
• Volvo Cars will be an independent company within Zhejiang Geely Holding Group.
• Volvo Cars will retain the headquarters in Sweden and the manufacturing operations in Europe.
• Volvo Cars will remain a Swedish company and will continue to develop business and product plans from Sweden.
• Volvo Cars and Geely Automobile will maintain separate brand strategies and operate in different segments.
• Ford Motor Company is the owner of Volvo Cars until the deal has been closed during the third quarter 2010.
It should be an interesting week at the New York Auto Show as we introduce the all-new S60 to the North America market for the first time!
For more information on the all new S60 visit us at
http://www.superiorvolvo.com/