Ford, Geely Agree on Volvo, Aim to Complete Sale by June

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Dec. 23 (Bloomberg) -- Ford Motor Co. agreed with China’s Zhejiang Geely Holding Group Co. on most terms about a sale of its Volvo Car Corp. unit and the automakers aim to complete the transaction in the second quarter. A definitive sale agreement will probably be signed in the first three months of 2010, the companies said in statements today. Bloomberg's Zeb Eckert reports. (Source: Bloomberg)

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