UPDATE 1-Volvo Cars says sale to Geely not yet finalised

Newswire

* Statement about sale due 1045 GMT - Volvo spokesman * Would be biggest Chinese buy of overseas automaker (Adds background, Volvo comment) STOCKHOLM, Dec 23 (Reuters) - U.S. carmaker Ford has not yet inked a deal to sell its Volvo Cars unit to China's Zhejiang Geely a spokesman for Volvo said, after Swedish television reported on Wednesday an agreement had been signed. "The deal is not finalised," Jonas Knutsson, communications manager for Volvo Cars told Reuters. "However, more ...

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