Chinese auto manufacturer Geely plans

Chinese auto manufacturer Geely plans to propose to concern Ford, the owner of brands Volvo, redeemed his Swedish company for two billion dollars. As reported by The Auto Channel, the official application is filed by the end of July.

According to some reports, the company Geely has already signed a preliminary agreement with Ford to acquire brand Volvo. It was expected that after the purchase of Scandinavian auto manufacturer in the Chinese city Duanguan new factory will be built Geely, which planned to build assembly crossovers XC90, are now produced in the United States. According to the Chinese, they want to buy a Volvo in order to increase the production and sale of automobiles in their country.

According to the sources of The Auto Channel, Geely has already been three years preparing a plan for the purchase of Volvo, but the leadership of Ford, it was originally configured with skepticism about a possible sale of the Swedish brand Chinese. Now, in Ford believe that Geely will be able to successfully manage and develop the company. Note that the official information on the negotiations and agreement with Geely Group in the U.S. has denied.