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
Driving in Singapore Chrysler 300C, Chrysler PT Cruiser, Dodge Caliber, and Jeep Wrangler. Chevrolet markets only Korean-made Daewoo cars, but not its American-made models. Ford markets some cars from its European line, not its American product line. Even Subaru, a Japanese car maker, did not do well with cars made by a US-based subsidiary, Subaru of Indiana Automotive, which exported the US-made Tribeca to Singapore. Non-Japanese Asian car brands sold in Singapore include Perodua, Proton, Ssangyong, Hafei Motor, Chery, Geely, Kia, Hyundai, Chana, and Holden Special Vehicles. Used cars that are more than three years old cannot be imported into Singapore. In 2005,