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China Daily | Updated: 2009-12-24 08:05
Volvo agreement in Q1
Ford Motor Co said it has agreed with Zhejiang Geely Holding Group Co on all "substantial commercial terms" about the sale of its Volvo Car Corp unit. A definitive sale agreement is likely to be signed in the first quarter, with a completion of the transaction in the second quarter, Ford said in a statement. The deal is subject to regulatory approvals.
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