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View Full Version : Volvo to finalize deal to sell to Chinese in early 2010



Lotus99
12-24-2009, 11:40 AM
Didn't see this posted in the news section:

http://editorial.autos.msn.com/blogs/autosblogpost.aspx?post=1505392&_blg=1,1505392

"The estimated $1.8 billion deal would be the largest overseas acquisition by a Chinese automaker. Ford paid $6.45 billion for Volvo in 1999. Ford wrote down the value of Volvo by $2.4 billion following a review of the brand's prospects in January 2008."

Can't say given how my car's been the above is a surprise...