FROM REUTERS: The parent of China’s Geely Automobile said it has yet to sign an agreement in its ongoing bid for Ford’s Volvo car unit, but that its plan to purchase the brand are proceeding on track.
hejiang Geely Holdings had previously indicated it expected to reach a formal deal last month, but company chairman Li Shufu said an official agreement had not been signed yet.
“We haven’t reached a final agreement so far,” Li told reporters on the sidelines of the opening of the National People’s Congress in Beijing on Friday. MORE»
Recent Comments