Ford Motor Company (NYSE:F) has confirmed all substantive commercial terms related to the potential sale of Volvo Car Corporation to Zheijang Geely Holding Group Company Limited. Both companies anticipate the sale agreement to be signed during the first quarter of 2010, and close during the second quarter of 2010. Ford does not intend to retain a shareholding in the business post sale.
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Ford Motors Company produces cars and trucks, in addition to providing vehicle financing. The company’s Automotive sector operations include the Ford North America, Ford South American, Ford Europe, Volvo, and Ford Asia Pacific Africa segments. It’s Financial Services sector includes the Ford Motor Credit Company and Other Financial Services operations.
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