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Ford Completes Sale of Volvo to Geely

Green Car Congress

Ford Motor Company has completed the sale of Volvo Car Corporation and related assets to the Zhejiang Geely Holding Group Company Limited. The total purchase price for Volvo and related assets set forth in the agreement signed in March 2010 was $1.8 billion in cash to complete the sale.

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Ford Reaches Definitive Agreement to Sell Volvo Cars and Related Assets to Geely

Green Car Congress

Left to right: Stephen Odell, CEO of Volvo Cars; Li Shufu, chairman of Zhejiang Geely Holding Group Company Limited; Lewis Booth, Ford’s chief financial officer. Ford Motor Company has entered into a definitive agreement to sell Volvo Car Corporation and related assets to Zhejiang Geely Holding Group Company Limited.

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Details on Ford’s Volvo sale

Green Cars News

You’ve probably already heard about Ford’s decision to sell the Volvo Car Corporation and its related assets to Zhejiang Geely Holding Group Company Limited – and now we can bring you the details of the deal. The sale is expected to close in the third quarter of this year with the purchase price of Volvo Cars [.].

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Polestar’s plan to survive and thrive: How an idiosyncratic EV start-up will carve its place in the electric space

EV Central

China is firing up with a barrage of brands set to infiltrate Australia – Leapmotor, Xpeng, Zeekr, Lynk & Co among them – and relative newcomers such as BYD, Chery and GWM are forecasting big sales growth as more EVs head our way. But the company is these days aiming higher, heading for the top end of town.

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China puts its electric vehicles on center stage - China automotive news

Tony Karrer Delicious EVdriven

Alternative-fuel cars were some of the hottest items on display at the Shanghai auto show from homegrown companies like Geely Automobile Holdings Ltd., The battery-powered cars that Chinese companies are showing are intended to be much less expensive than those planned by big foreign companies. and Chery Automobile Co.

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New EV electric car calendar

EV Central

Aptera – US-based company claims to have created the world’s most efficient vehicle with the three-seat F1-inspired Aptera. No Australian plans yet, with the company focusing on America first then Europe. It’ll be on sale in 2025, possibly as the A9 e-Tron. Chery has big plans for Australia.