Geely buying Volvo from Ford; U.S. to begin selling Citigroup shares
Here's a collection of the Metro Detroit, Michigan and national business news stories today:
Metro Detroit: • Detroit Free Press: UAW hopes to gain from rising Ford stock • MLive.com: Geely to buy Volvo from Ford for $1.8 billion
• MLive.com: General Motors delays filing financial report with Securities and Exchange Commission • Detroit Free Press: For 661 shuttered GM dealerships, the road back won't be easy • Detroit Free Press: Chrysler debates timing of new models • Detroit Free Press: Cadillac adds wagon
Michigan: • Bay City Times: Dow Corning lawyers ask federal judge to stop Easton, Penn., company from replicating process for purifying solar-grade silicon • Kalamazoo Gazette: Will health-care reform lead to new sales for life science companies in West Michigan?
U.S.: • New York Times: Rio Tinto Employees Sentenced in China Bribery Case • USA Today: U.S. will begin selling Citigroup shares, could make almost $8B • New York Times: U.S. Consumer Spending Up Modestly