Geely wins EU antitrust approval to buy Volvo Cars

Geely wins EU antitrust approval to buy Volvo Cars

BRUSSELS - (AP) European Union regulators on Tuesday approved Chinese carmaker Geely to buy Sweden's iconic Volvo Cars.

The European Commission said it sees no antitrust problems with Zhejiang Geely Holding Co.'s $1.8 billion acquisition of Volvo Cars from Ford Motor Co. because the takeover won't give either company the power to damage ...

Subscribers to www.lexis.com may read the full version of this article here.