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Volvo sale snag

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Volvo sale snag

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It seems the talks between Ford and China’s Geely over the sale of Volvo are turning out to be tougher than anticipated.

Geely’s chairman Li Shufu told the Wall Street Journal that they have hit a snag due to problems at Ford.

However he said he continues to expect to complete the deal.

Geely is reportedly aiming to complete the purchase of Volvo for nearly 1.5 billion euros by May.