Saturday, July 4, 2009

China's Beijing Automotive Industry Holding Corp (BAIC), rival Geely, and at least one "Western industrial group" remain interested in Ford Motor Co's Volvo car unit, a person close to the situation said on Tuesday.

Geely, which has already visited Volvo in Sweden, plans to make a fresh visit soon, the person added. A second person close to the situation said Geely representatives were likely to visit this week.

my comment: The China auto market is growing quickly, and will soon the be the worl's largest

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