Sunday, 28 March 2010

China's Geely buys Volvo for $1.8bn

Link to the article: BBC News

Volvo has been sold to China's biggest privately-owned car firm, Geely, from US car giant Ford for $1.8bn (£1.2bn).

Loss-making Volvo has been on the market since 2008, when Ford put it and several other brands up for sale.

Joe Lynam reports.