Auto Industry

Volvo on Course for Chinese Sale

Zhejiang Geely Holding Group is aiming at finalizing the purchase of Volvo Automobiles before the Chinese New Year in February 2010.

Consultants have been hired to manage the restructuring and the integration, according to an informed anonymous source.

“There is really nothing holding back this sale now. It is expected to be completed before the Chinese New year and then Geely will get cracking on integration,” the source revealed to News Agency Reuters.

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