Geely not to sign Volvo deal by Chinese New Year (with polls)
- Source: Global Times
- [17:32 February 10 2010]
- Comments
Geely Holding (Group) Co.'s CEO Yang Jian denies the rumor about the company will sign a deal on the sale of the Ford Motor's Volvo unit by the start of the Chinese New Year on February 14.
Yan Jian said it has not been determined whether the deal could be reached by the end of February.
Yuan Xiaolin, the Geely spokesman for its Volvo acquisition project, expects the deal to be signed by March 31 and completed by June 30.
Negotiations have snagged on financing and details in the signing documents, Bloomberg reported.
Agencies and Shi Jierui contributed to this story
