Ford has signed a deal to sell Volvo to Geely: the agreement reached yesterday, is to be precise in a preliminary agreement. The signature on the final sale has not yet been entered by both parties. The final contract between Dearborn and the Chinese in fact not arrive before year-end and indeed, for the officer about a vague “first quarter of 2010.” 

Geely, which has recently acquired some technologies Volvo will pay into the coffers of Ford (Sources say the most credible) another 15 billion Swedish kronor, the equivalent of 1.4 billion euros. When Ford took over the Swedish company in 1999, he paid a sum equal to 4.5 billion euros.