BEIJING: Chinese car maker Geely Holdings yesterday formally completed its deal to buy Sweden’s Volvo Cars from US auto giant Ford at a ceremony in London, state media reported.
Li Shufu, chairman of both Geely Group and Volvo Car Corp, told China’s official Xinhua news agency that he hoped to see the struggling Swedish brand again become a leader in the global luxury auto market.
Already a subscriber? Log in.
Save 30% and win Bosch appliances! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
