Geely an important step for the Chinese carmaker in their quest to make inroads into the lucrative ASEAN region. In July 2017 the company purchased Terrafugia, an American maker of flying cars. In November 2017, Geely announced completion of the Terrafugia acquisition, including approval from all relevant regulators. In December 2017, Geely invested € 3.25 billion into Swedish truck and construction company Volvo Group, a former parent company of Volvo Cars. The deal has made the company the biggest shareholder with 8.2 % of stake and 15.6 % of voting rights. Furthering its expansion and reach, Geely purchased a 9.7% stake
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,