The Chinese car maker Geely has signed a deal to buy Volvo from US car giant Ford for $1.8bn (£1.2bn).

Ford hopes that the sale of Volvo will help it pay off its debts and focus on its core brands, following a dire period for the global car industry.
The deal represents a loss for Ford, however, having bought Volvo in 1999 for $6.5bn.
Geely, China's biggest independent car maker, has pledged to keep Volvo as a separate company with its headquarters remaining in Sweden.
However, significant manufacturing is expected to take place in China, making Volvos for Chinese consumers.
Analysts view the deal as a good one for Volvo, which has struggled to grow sales and has not made a profit since 2005.