VOLVO Car Low

VOLVO Car Low Cars & vehicles #3130 #3130_3130 In 1999, the Volvo concern sold its passenger division of Ford to Volvo Personvagnar for $ 6.45 billion. Since 1999, Volvo Personvagnar AB (known as Volvo Cars in the USA) has become a division of the concern Ford. In December 2009, Ford announced the sale of Volvo Personvagnar AB for $ 1.8 billion to the Chinese company Zhejiang Geely Automobile. On March 29, 2010, the Chinese company officially announced the signing of documents on the acquisition of Volvo Personvagnar and the rights to the Volvo brand from Ford Motor Company for $ 1.8 billion. August 2, 2010 the transaction was completed [3] [4]. Currently, Volvo and the Chinese company Geely Automobile, which owns Volvo Cars, own the rights to the Volvo brand and logo.