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 MR 303 (official model code was MR 7130 X3) and is only built with the smaller engine. Production for the Uliou ended in 2005 with approximately 15,000 units. Geely MR The Geely Merrie is a subcompact car produced by chinese automaker Geely Automobile from 2003 to 2009. The MR is produced in five-door hatchback (Merrie / 美日) and four-door sedan (Uliou / 优利欧) body styles. The MR is based on the Daihatsu Charade platform, which Geely licensed from Xiali. Its base underpinnings are also shared with the HQ/Haoqing and Rural/Urban Nanny. The MR was shown at the 2005 Frankfurt Motor Show