Ford Gives China's Geely "Preferred Bidder" Status For VolvoS

Chinese automaker Geely is Ford's preferred bidder to purchase Volvo. Ford CFO Lewis Booth, as you'll see below, is particularly excited about the prospects and not at all worried about the possibility for General Tso-flavored Swedish meatballs.

Booth, in a statement today says,

"Ford believes Geely has the potential to be a responsible future owner of Volvo and to take the business forward while preserving its core values and the independence of the Swedish brand"

Yes, because any time we see a Chinese restaurant offering Swedish meatballs, we think we're getting the heights of culinary delight.

Of course that can't be any worse than when we see Swedish meatballs at Denny's — which, come to think of it, we've been seeing since 1999's sale of Volvo Cars to Ford for $6.45 billion. [via AutoNews]