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Volvo is becoming a Chinese car company. Ford announced that it sold the Swedish car brand that it bought 11 years ago for a third of the original price.
Volvo is becoming a Chinese car company. Ford announced that it sold the Swedish car brand that it bought 11 years ago. Chinese conglomerate, Zhejiang Geely, is paying a third of what Ford originally paid for Volvo. Keith Bradsher, New York Times Hong Kong bureau chief, explains more about the buyer, the price and the future of Volvo.