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
2001 China Jia B League Match Fixing Jia B team Guangzhou Geely had name changes when naming-sponsors ended sponsorship. Li Shufu, chief of Geely Group, was quoted as saying, "We won't come back until Chinese soccer environment turns better." Unsatisfied with the punishment made by the CFA, Song Weiping, the president of Zhejiang Greetown, submitted a list of referees allegedly taking bribes to CFA, seeking to have names removed from future matches. Gong Jianping, the referee of the Changchun-Zhejiang match, was arrested for bribery charges unrelated to the final round, and sentenced to 10 years in prison. 2001 China Jia B League Match Fixing The 2001 China