WRAPUP 2-Geely near Volvo buy, sign of China's rise in autos

Newswire

* Ford agrees main terms of Volvo Cars sale to Geely * Ford, Geely say closing of deal expected Q2 2010 * BAIC outlines spending after buying some Saab assets * BAIC aims to sell 100,000 self-developed vehicles in 2011 (Recasts; adds quote from Swedish union official) By Michael Wei and Jens Hansegard BEIJING/STOCKHOLM, Dec 23 (Reuters) - Ford Motor Co said on Wednesday that it expected to finalize the sale of Volvo to China's Geely in the first half of 2010 in a deal that ...

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