Chinese Gasgoo is quoting Sweden’s Dagens Industri (DI) as saying that Geely will sign a contract later this week for the intellectual property rights of Ford’s Volvo Cars. Let’s hope everybody has their translations right.
Reportedly, the deal will stay as reported: Volvo Cars will keep the key technologies and IP rights that it has developed. The new owner Geely “will have access to them.” Volvo will be able to use “some of Ford’s IP” to continue its business.
The New York Times is still fantasizing about a “Swedish solution” but thinks that in the end, the deal will go to Geely. Geely is bringing one thing to the table the other bidders don’t have in abundance: “Money is not a problem for Geely,” said a Geely insider to Gasgoo.