UPDATE 1-Geely signs technology transfer deal with Volvo

Newswire

(Adds details) By Fang Yan BEIJING, March 9 (Reuters) - Geely Automobile Holdings Ltd said on Friday that its parent and Volvo have signed a technology transfer deal that will allow the Chinese maker of low-cost cars to enrich its product portfolio and boost its competitiveness. The announcement confirmed a Reuters story earlier in the day that said Volvo would sign an agreement with its owner, Zhejiang Geely Holding Group. "This is an initiative which is set to create additional value for ...

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