WRAPUP 1-China's Geely agrees Volvo buy, BAIC eyes expansion

Newswire

* Ford agrees main terms of Volvo Cars sale to Geely * Ford, Geely, say closing of deal expected Q2 2010 * BAIC outlines spending after Saab buy * BAIC aims to sell 100,000 self-developed vehicles in 2011 By Michael Wei and Jens Hansegard BEIJING/STOCKHOLM, Dec 23 (Reuters) - China's automakers Geely and BAIC pushed ahead with plans to harness the technology of Ford's and General Motors' [GM.UL] ailing Swedish brands Volvo and Saab in a bid to be global industry players. U.S. ...

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