Geely, Ford agree on Volvo intellectual property issues-report

Newswire

BEIJING, Nov 27 (Reuters) - Zhejiang Geely Holding Group has agreed with Ford Motor on intellectual property rights issues in its bid for Volvo, clearing a major barrier to acquire the Swedish luxury car brand, state media reported. The parent of Geely Automobile was tagged as the preferred bidder by Ford and aimed to buy the U.S carmaker's Volvo unit outright, Xinhua news agency reported, quoting Geely spokesman Yuan Xiaolin. The report said Geely would obtain Volvo's key technologies ...

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