|Date of issue||Mar 28, 2010 | ID: 32193|
Stock Purchase Agreement Regarding Volvo Cars Signed Today
Today, 28 March, Zhejiang Geely Holding Group Co. Ltd and Ford Motor Company have signed a stock purchase agreement regarding the ownership of Volvo Car Corporation.
Both Ford and Zhejiang Geely have issued press releases regarding the agreement. Please go to "Additonal information" to read them or go to http://www.media.ford.com/
Stated in Zhejiang Geely Holding Group's press release:
"As part of the proposed transaction, Zhejiang Geely Holdings will maintain the strong collaborative relationships that Volvo has built with employees, unions, suppliers, dealers and above all, customers. On completion, Volvo Cars will be a separate company with its own management team based in Gothenburg, Sweden, and a new board of directors.
Images from the signing will be related to this press release later during the evening.
Facts about Zhejiang Geely Holding Group Co., Ltd.
Click here to watch the press conference:
Ford Motor Company's media centre:
Contact information Ford:
Contact information Geely:
Zhejiang Geely Holding Group Co. Ltd.
No. 1760 Jiangling Road,
People's Republic of China
Tel:+86 (571) 2800-1111
Fax:+86 (571) 8776-6217
Tel: +86 (571) 8776-6209
Contact information Volvo Car Corporation:
SVP Olle Axelson, Public Affairs
Press Spokesman Per-Åke Fröberg
Tel: +46 31 59 65 25
Director Volvo Cars Heritage
Volvo Car Group
Phone: +46 31 3257654
Mobile: +46 31 3257654
|ID: 32212||ID: 32207||ID: 32209|
Volvo Car Group
SE-405 31 Göteborg
Phone: +46 31 59 65 25
Fax: +46 31 54 40 64
Descriptions and facts in this press material relate to Volvo Car Group's international car range. Described features might be optional. Vehicle specifications may vary from one country to another and may be altered without prior notification.