Volvo Cars investing HK$2.59 billion (334 million USD) in the holding company. Ford Motor Company offered Volvo Cars for sale in December 2008, after suffering losses that year. On 28 October 2009, Ford confirmed that, after considering several offers, the preferred buyer of Volvo Cars was Zhejiang Geely Holding Group, the parent of Chinese motor manufacturer Geely Automobile. On 23 December 2009, Ford confirmed the terms of the sale to Geely had been settled. A definitive agreement was signed on 28 March 2010, for $1.8 billion. The European Commission and China's Ministry of Commerce approved the deal on 6 and 29 July
London EV Company London EV Company London EV Company Limited (LEVC, formerly The London Taxi Corporation Limited trading as The London Taxi Company) is an automotive engineering company with its headquarters near Coventry, United Kingdom, and a wholly owned subsidiary of Chinese automaker Geely. The company is famous for its London black taxicabs. Geely's involvement in British taxicab production dated to 2006 when it partnered with LEVC's predecessor The London Taxi Company, and its parent Manganese Bronze Holdings, in the creation of a China-based taxicab manufacturing joint venture. In 2009 Geely bought shares in Manganese Bronze Holdings. In 2012 Manganese Bronze Holdings entered