Premier Automotive Group preferred buyer of Volvo Cars by Ford. On 23 December 2009, Ford confirmed that all substantive commercial terms for the sale to Geely had been settled. Geely signed a deal with Ford to acquire Volvo Cars for $1.8 billion on 28 March 2010 and closed the deal on 2 August 2010. <ref name="www.ford.com/about-ford/news-announcements"></ref> Premier Automotive Group The Premier Automotive Group (PAG) was an organizational division within the Ford Motor Company formed in 1999 to oversee the business operations of Ford's high-end automotive marques. The PAG was gradually dismantled from 2006 to 2010 with the divestiture of its constituent brands. The
Emgrand EC7 garages that used to sell Škodas before the company was owned by Volkswagen, and the type of establishment that once might have sold Rovers." Emgrand EC7 The Emgrand EC7 is a compact car produced by the Emgrand, division of the Chinese automaker Geely. After the discontinuation of the "Emgrand" brand, the EC7 was simply marketed as the Geely Emgrand or Geely New Emgrand in China. The EC7 was the launch vehicle for Emgrand (), the medium to high-end luxury brand of Geely that was launched in July 2009. The car was developed from the outset as an export model. Geely