Ford to Sell Volvo to Chinese Automaker for $1.8 Billion

SUGAR LAND--March 29, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Over the past few years, Ford Motor Company (NYSE:F) (Dearborn, Michigan) has appeared to make all the right moves. During a time when fellow U.S. automakers General Motors Corporation (GM) (Detroit, Michigan) and The Chrysler Group LLC (Auburn Hills, Michigan) have struggled, entering and exiting bankruptcy proceedings, Ford has managed to fly under the radar and quietly reorganize itself. In the automaker's latest move, Ford has agreed to sell its Volvo Cars unit to Chinese automaker Zhejiang Geely Golding Group (Zhejiang Province, China) for $1.8 billion, significantly less than the $6.45 billion Ford paid for Volvo in 1999.

Other companies featured: Tata Motors Limited (NYSE:TTM), Toyota Motor Corporation(NYSE:TM)