Major hurdles cleared in Geely bid for Volvo - source

Newswire

HONG KONG, Dec 23 (Reuters) - Ford Motor and Zhejiang Geely have addressed most of the big issues in the pending sale of Ford's Volvo car unit to the Chinese automaker, a source with knowledge of the talks said on Wednesday, paving the way for the biggest acquisition of a foreign automaker by a Chinese company. The two parties are expected to issue a statement later on Wednesday to report on the progress of the talks. "There could be something in as soon as the next few hours," said the ...

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