Geely To Buy Ford's Volvo Car Unit At $1.8 Billion By: dbfd | Jul 9th 2010 - Geely group will purchase Volvo at $1.8 billion. The funding needed has now ready and Geely group is also perfectly ready for the capital needed for the future developemt of Volvo. In addition to the shareholding acquisition, the agreement also relates to the important terms and conditions in intellectual property, components supplying and research and development among Volvo Car, Geely Group and Fort Automobile. Tags:car, Volvo