UPDATE 1-Geely outlines Volvo cars technology deal

Newswire

* Volvo to keep technology, IP it has developed * Volvo will also keep access to necessary Ford IP (Adds Geely and Ford statements) By Michael Wei and Quentin Webb BEIJING/LONDON, Nov 27 (Reuters) - Zhejiang Geely Holding Group laid out how it and Ford Motor plan to handle intellectual property (IP) rights for Volvo Car Corp., clearing a major barrier in its bid to acquire the Swedish brand. Ford named Geely Holding, the unlisted parent of Geely Automobile , as the preferred bidder ...

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