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
Zhejiang Radio and Television Group Zhejiang Radio and Television Group Zhejiang Radio and Television Group (ZRTG) (), is China's fourth-biggest television network after China Central Television (CCTV), Hunan Broadcasting System (HBS), and Jiangsu Broadcasting Corporation (JSBC). The television network is owned by the Zhejiang provincial government. The network is based in Hangzhou in Zhejiang. Before the establishment of Zhejiang Radio and Television Group the local television stations first aired in Hangzhou and northern Zhejiang in the 1960s. ZRTG was established in 8 November 2001 to compete with other major Television networks and expanded its network through nationwide satellite television on 1994. ZRTG have broadcast notable