China's Geely to own Volvo technology: report

Chinese auto group Geely said Friday it has reached an agreement with US auto giant Ford on intellectual property rights in its bid for Volvo Cars, Dow Jones Newswires reported.

By Space War Editorial Team · Editorial process

Published November 26, 2009

Chinese auto group Geely said Friday it has reached an agreement with US auto giant Ford on intellectual property rights in its bid for Volvo Cars, Dow Jones Newswires reported.

Zhejiang Geely Holding Group said it will own the intellectual property rights to Volvo's key technologies, including those related to safety and the environment, through its purchase of the loss-making auto maker.

Ford said in October it had tapped Geely as the preferred bidder for its Volvo Cars nameplate and would step up negotiations with a consortium led by the Chinese automaker.

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The Space War Editorial Team produces content across our two editorial pillars: space industry news and Mind & Meaning. We cover launches, missions, satellites, defense, and the technology of getting humans to space, alongside the psychology of ambition, isolation, and meaning under extremes. Articles reflect our team's collective editorial process, source verification, drafting, technical review, and editing, rather than a single writer's work. Space War takes editorial responsibility for content under this byline. For more on how we work, see our editorial policy.