Ford and Geely Hit "Snag" in Volvo Deal

<div style="text-align: center;"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5450468211236140178" src="http://4.bp.blogspot.com/_FoXyvaPSnVk/S6Pz9dZJ9JI/AAAAAAACqPc/f371YV3NBzU/s800/Geely-Volvo-0.jpg" style="display: block; height: 193px; margin: 0px auto 10px; text-align: center; width: 357px;" /><span style="font-size: 100%;">Ford and Geely Hit "Snag" in Volvo Deal</span></div><div style="text-align: justify;"><span style="font-family: Verdana;">Trouble's a-brewin' in the Ford/Geely Volvo sale, or so Zhejiang Geely Holding Group Chairman Li Shufu implies. The good news is it doesn't sound too serious.</span><br /><span style="font-family: Verdana;"></span></div><div style="text-align: justify;"><span style="font-family: Verdana;">Automotive News states that there may have been a "snag due to problems at Ford Motor Co."; regardless, Chairman Li says, "We're ready to seal the deal...If the deal fails, the problem is not on our side. We have not violated any part of the agreement."</span></div><div style="text-align: justify;"><span style="font-family: Verdana;"><br /></span></div><div style="text-align: justify;"><a href="" name="more"></a><span style="font-family: Verdana;">The report goes on to say that Geely's plans for taking ownership of Volvo within the second quarter of 2010 have not changed. If that's the case, and the deal goes through, Chinese Geely will have Volvo safety, engineering, and design to spread throughout its portfolio.</span></div><div style="text-align: justify;"><span style="font-family: Verdana;"><br /></span></div><div style="text-align: justify;"><span style="font-family: Verdana;">Safe Chinese cars that look good? Maybe they're getting ready to take over the world after all.<br /></span></div><div style="text-align: justify;"><span style="font-family: Verdana; font-size: 85%;"><span style="font-weight: bold;">- By Phil Alex</span></span></div>

Ford and Geely Hit "Snag" in Volvo Deal

Ford and Geely Hit "Snag" in Volvo Deal Trouble's a-brewin' in the Ford/Geely Volvo sale, or so Zhejiang Geely Holding G...

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