WRAPUP 3-Geely nears Volvo buy, as China ascends in autos

Newswire

* Ford agrees main terms of Volvo Cars sale to Geely * Ford, Geely say closing of deal expected Q2 2010 * Shares of Ford top $10 for first time since 2005 * BAIC outlines spending after buying some Saab assets (Adds sales figures, Ford success in selling brands, context on GM, Ford share price; changes byline) By Michael Wei and Bernie Woodall BEIJING/DETROIT, Dec 23 (Reuters) - Ford Motor Co said on Wednesday it is nearing an agreement to sell its Volvo Swedish cars unit to ...

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