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A deal to sell Sweden’s other iconic auto brand, Volvo, to China’s Geely Automobile could be signed within days, possibly by the end of the weekend. The news comes as Saab resumed production this week under its new owner, Spyker.
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Ford Motor Co. is near a deal that will sell Volvo to Geely, a Chinese automaker. Industry experts estimate the deal to be worth approximately $2 billion.
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Sweden’s two iconic auto brands may soon be in Chinese hands as Ford and GM look to jettison the two money-losers, and Swedes are decidedly unhappy about that prospect.
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One of London's icons, the old-fashion style black cab now is made in China. Before long, they will be seen in China's major cities.
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