Chairman of Zhejiang Geely Holding Group Li Shufu (L), Swedish Minister for Enterprise and Energy Maud Olofsson (C) and Volvo Cars Chief Executive Stephen Odell stand next to a Volvo S60 car at the Volvo plant and headquarters in Torslanda, Gothenburg March 28, 2010. REUTERS/Bjorn Larsson Rosvall/ScanpixAP – Zhejiang Geely Land Group signed a binding deal Sunday to buy Ford Motor Co.’s Volvo Cars unit for $1.8 billion, allowing the independent Chinese automaker to expand its foothold in Europe.


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