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 MK Geely MK Geely MK is a subcompact sedan and hatchback produced by Chinese auto maker Geely. Price ranges from 45.900 yuan to 62.900 yuan. Several versions were done and branded differently among Geely's former sub-brands. The last facelift was conducted in late 2015 changing the front and rear views and clarifying the updated model name and branding simply as the Geely Jingang under the Geely brand. The Geely Englon SC6-RV debuted as a concept at the 2010 Beijing Auto Show and started production in 2012. The Englon SC6-RV is based on the Geely Golden Eagle Cross, which are both crossover