Geely Expecting To Seal The Volvo Deal By February 14

December 17, 2009

Although Ford hasn't set a deadline for the sale of Volvo the same way that General Motors fast-tracked Saab, Ford's preferred bidder -- Geely -- is hoping to wrap up things on the double. A source close to the negotiations told Reuters, "[The sale] is expected to be done before Chinese New Year [on February 14], and then Geely will quickly launch integration." To that end, the Chinese automaker has already hired a team of consultants to plan the restructuring of the company to accommodate Volvo's operations. We're sure that Volvo and Ford are eager for closure, and we're happy to see Geely's optimism -- especially during such dark economic days -- but we might offer a couple of cautionary examples.... [Reuters via MotorAuthority]

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