In March 2010 , Ford signed a deal to sell Volvo to Chinese car maker Geely for $ 1.8 billion . Vovlo stopped posting profits in 2005 and Ford sold its interests in Volvo In 2008 , Ford decided to sell its interest in Volvo Cars ; in August 2010 , Ford completed its sale of Volvo to the parent of Chinese motor manufacturer Geely Automobile for $ 1.8 billion .