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
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