Multiple choice

Which of the following announced the sale of Swedish car company Volvo to Zhejiang Geely Holding Group of China?

  1. General Motors

  2. Chrysler

  3. Ford

  4. Toyota

  5. Hyundai
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Ford Motor Company owned Volvo Cars and sold it to Zhejiang Geely Holding Group of China in 2010 for approximately $1.8 billion. This sale was part of Ford's strategy to divest luxury brands during the financial crisis to focus on its core operations. Geely's acquisition marked a significant entry for a Chinese company into the global premium automotive market.

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