Geely aims for initial Volvo deal in Feb -source

BEIJING, Jan 26 (Reuters) - The parent of China's Geely Automobile aims to sign a preliminary agreement to buy Ford's Volvo unit next month, with an aim to making the brand break even by next year, a company source said on Tuesday.

As part of its plan to turn around loss-making Volvo, Zhejiang-based Geely plans to produce 300,000 Volvo brand cars per year in its Beijing factory, according to the source ...