Ford Motor Co. and Zhejiang Geely Holding Group Co. said this month that sales in July fell from a year earlier, while BYD Co.

本月福特汽车公司与浙江吉利控股有限公司表示，7月份销量会减少，比预期提前了一年。

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Chinese carmaker Zhejiang Geely Holding Group has purchased Volvo cars from U. S. auto giant Ford, the Swedish carmaker announced Sunday.

瑞典汽车制造商在周日宣布，中国汽车制造商浙江吉利汽车公司从美国福特汽车公司的手里收购了沃尔沃。

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It confirmed the sale of Volvo to Zhejiang Geely Holding Group Company Limited at the end of last year.

FORBES: Intelligent Investing Panel

If the deal is done, Volvo's new owner will be a consortium led by Zhejiang Geely Holding Group, a privately held firm.

ECONOMIST: Geely closes in on Volvo: On a roll | The

Zhejiang Geely Holding Group acquisition of Volvo is an early step in building the image of Chinese automobiles and marketing to foreign buyers.

FORBES: Taking Stock Of The U.S.-China Partnership