Ford remains open to offers from other potential bidders for its Volvo Cars unit despite a commercial agreement to sell the business to China’s Zhejiang Geely, according to Swedish business newspaper Dagens Industri.
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Ford and Geely reached an agreement in December which they are expected to sign during the first quarter of this year and complete during the second.
Dagens Industri quoted Volvo chief executive Stephen Odell saying the door was open to further talks on a sale following meetings with Ford executives in Detroit this week.
He told the paper: “I know that Ford is open to talking with others. Those who say that the door is closed can go to Ford and talk with them whenever they want.”
Odell told Reuters, however, that talks between Ford and Geely were going forward as planned, adding 2010 would be tough for Volvo with projected sales of 350,000 units.
