Geely says no plans to buy Ford's Volvo car unit
By Yu Liang | China Daily | Updated: 2009-02-06 07:48
China's largest privately owned carmaker Geely Automobile Holdings Ltd has denied reports that it is acquiring the Volvo car unit from Ford Motor Co, Reuters said yesterday.
It quoted a spokesperson from Geely as saying: "We don't have plans to buy Volvo as some media have reported."
Earlier media reports had said preliminary talks between Geely and Ford began in December after Ford said it would consider selling the unit.
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