UPDATE 1-China's Geely to pump up to $900 mln into Volvo

Newswire

* Prepared to provide $900 mln in working capital * Total cost of Volvo purchase up to $2.7 bln * Half of financing to come from China, half from overseas * Volvo production to remain under Volvo roof By Michael Wei and Doug Young BEIJING/HONG KONG, March 30 (Reuters) - Zhejiang Geely Holding Group, China's biggest private carmaker, said on Tuesday that it is prepared to pump up to $900 million into the Volvo unit it is buying from Ford , as part of its plan to return the Swedish ...

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