Volvo will retain the rights for its licensed technologies, as part of Geely deal
tryme submitted on 11/18/2009 Official Bell & Ross Timestamp: 12:23:33 PM
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The bid made by Zhejiang Geely Holding Group, the parent of Geely Automobile Holdings, for Ford Motor Co.
’s Volvo car unit is in the final stretches of getting approved. One of the issues recently resolved is related to the rights. Yuan Xiaolin, a Geely spokesman, had said that Volvo will retain the rights for its licensed technologies and that Chinese bidder Geely will gain the right to use the technologies.
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