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
Geely Yuanjing by Chinese manufacturers at the time, providing ABS and EBD systems for all models. Geely Haijing, which was developed from SMA Haijing, is one of the flagship commercial automobile produced by Chinese car manufacturer Geely. It was introduced in 2009 by Shanghai Maple Motors, later renamed Englon SC7 or Englon Haijing. The Haijing equipped 2 front parking sensors and 4 rear parking sensors. The high match models are powered with 1.8T engine with 6-speed automatic transmission produced by Australian gearbox manufacturer Drivetrain Systems International. The Geely Yuanjing sedan went through a few facelifts with code names FC, FC2, and the