According to reports, Chinese automaker Zhejiang Geely has exported a second batch of Geely vehicles to Cuba, shipping 1,560 cars to the country last week. It’s the second time the automaker has done so, having exported 1,500 units in 2009, where they were used by government officials and the police, as well as equipping rental car fleets.
The shipment this time is made up of 1,310 Freedom Ship (or the Geely CK) sedans and 250 Emgrand mid-sized sedans, Geely said, and buyers for the cars include Cuba’s defense and tourism ministries, plus some other agencies.
Geely, which owns Swedish automaker Volvo, also began exports to other markets this year – it started exporting to Australia earlier in the year, and last month began selling cars in Saudi Arabia.









Ford has entered into a definitive agreement to sell Volvo Car Corporation to Chinese carmaker Geely. The sale is expected to close in the third quarter of 2010, and is subject to customary closing conditions, including receipt of applicable regulatory approvals. The purchase price for Volvo and related assets (mainly intellectual property) is US$1.8 billion.
Chinese automaker Geely has managed to find USD 2.1 billion worth of financing and will seal an agreement with Ford for the acquisition of Volvo Car Corporation by the end of this month, according to reports. The capital was raised from unidentified financial institutions and local governments. 
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