Ford (F)

Ford Motor Company confirmed Wednesday today that all substantive commercial terms relating to the potential sale of Volvo Car Corporation have been settled between Ford and Zhejiang Geely Holding Group Company Limited. As a result, the Ford and Geely anticipate that a definitive sale agreement will be signed in the first quarter of 2010, with closing of the sale likely to occur in the second quarter 2010, subject to appropriate regulatory approvals.

Dec 23 · 11:05:00 AM · Source: Company News Release
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by Larry Etter