Ford Agrees To Sell Volvo For $1.8 Billion To Zhejiang Geely

Ford Agrees To Sell Volvo For $1.8 Billion To Zhejiang Geely

They always say that cars are the worst investment, since they almost always depreciate in value. But Ford Motor Co. learned the hard way that this holds true for car companies as well. They bought Volvo for $6.45 billion in 1999, only to sell it 11 years later for $1.8 billion. [More]