Looks like Ford may have finally found a buyer for Volvo.  Surprise, surprise!  It’s a company out of China.

Ford Motor Co. narrowed talks on the sale of its Volvo Car unit to one bidder, a consortium led by China’s Zhejiang Geely Holding Group Co.

Ford will be holding more “detailed and focused negotiations with Geely,” having chosen the Chinese company as the “preferred bidder,” the U.S. carmaker said in a statement today.

Ford is asking $2B for the brand, roughly 1/3 of what they paid for it.  With the Volvo platform totally integrated into Ford’s product line, it will be very interesting to see how such a sale would play out.  Also, would there be any anti-trust issues facing the deal.

Chinese companies are really picking up assets during this fire sale, aren’t they?

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