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 X1 Geely Yuanjing X1 The Geely Yuanjing X1 is a mini CUV produced by Chinese manufacturer Geely slotting below the Geely Yuanjing X3. As Crossovers and SUV are being more favored by Chinese people , most Chinese car manufacturers appeared their SUV projects on the market. Geely, relying its rich experience in car manufacturing, released 7 new crossover and SUV--Vision SUV, Vision X1, Vision X3, Boyue, Vision S1, Emgrand GS and Emgrand GSe. Vision X1 is a product which divided Geely's market into more meticulous parts. At the same time, X1 made a complete "Vision" Family coexist with the "Bo" family