Premier Automotive Group preferred buyer of Volvo Cars by Ford. On 23 December 2009, Ford confirmed that all substantive commercial terms for the sale to Geely had been settled. Geely signed a deal with Ford to acquire Volvo Cars for $1.8 billion on 28 March 2010 and closed the deal on 2 August 2010. <ref name="www.ford.com/about-ford/news-announcements"></ref> Premier Automotive Group The Premier Automotive Group (PAG) was an organizational division within the Ford Motor Company formed in 1999 to oversee the business operations of Ford's high-end automotive marques. The PAG was gradually dismantled from 2006 to 2010 with the divestiture of its constituent brands. The
Geely Borui "Future Geely": Uncommon ripple intake grille, sportive and retro. Peter thinks that a car should look active, since it's not something like a furniture. The interior is mostly chrome plated. Orange decorating LED light strip and ACC (Autonomous cruise control system) were available. It is equipped with double wishbone suspension tuned by automotive technology company Prodrive. The Borui engine options include a 1.8T GDI engine and 3.5L V6 aluminum engine, as well as a six-speed direct shift gearbox provided by Australian transmission producer DSI, which was acquired by Geely in 2009. 2015: 1.8T 163hp L4 petrol 2.4L 162hp L4 petrol