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Geely seeks $1b in bank loans for Volvo bid

Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid.

Geely says Volvo will retain IPR in purchase deal

China's Geely Holding Group said Friday it was having a detailed and in-depth discussion with Ford over relevant terms and contracts about acquiring Volvo.

Geely faces risks, hurdles in Volvo bid

The bid by Geely Holdings Group to buy Swedish luxury car brand Volvo from Ford Motor Corp is seen as a risky move for the Chinese car maker and several hurdles lie ahead, according to analysts.

Ford favors Geely for Volvo deal

Ford Motor has named Geely of China as the preferred bidder for its Swedish unit Volvo. The possible sale price has not been disclosed.

Geely confirmed to bid for Volvo

China's Geely Automobile on Wednesday have been confirmed as preferred bidder in the ongoing discussions concerning the possible sale of Volvo Car Corporation.