Sources in China suggest that the pending deal for the divestment by Ford of its Volvo Cars unit to Geely could be close to completion.

Chinese Vice President Xi Jinping is due in Sweden this weekend and that could coincide with an announcement. High ranking Xi  is due to arrive in Stockholm on Saturday for a four-day visit, state Xinhua news agency reported.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The visit comes after the chairman of China’s Zhejiang Geely Holding Group, Li Shufu, told the Wall Street Journal last week that he expected to complete the deal to acquire Volvo by the end of the month as planned.

Some reports in China say that the deal will be announced on March 28 in Stockholm with a press conference held in Beijing two days later.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact