Geely took Volvo, good deal

On road drove to work, I heard NPR reporting that Ford annouced Geely and Ford have agreed on terms that Geely takes over Volvo for $4b (Ford paid 6b when bought it). Just saw the news on "Rolling News" of WXC too. I was thrilled as this is clearly a real smart buy. Good for Geely and good for overall image of Chinese industry. I think this is a better deal than Tata taking over Jaguar.