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 Boyue launched on the 12th of December 2018 at the Kuala Lumpur Convention Centre. The X70 is available with four variants: Standard 2WD, Executive 2WD, Executive AWD and Premium 2WD. All variants are powered by a 1.8 litre turbocharged gasoline direct injection or TGDI engine and pared to a 6-speed automatic gearbox. The Premium 2WD variant features ADAS or 'Advanced Driver Assistance System' which is a suite of collision avoidance systems which consists of: Geely Boyue The Geely Boyue is a compact crossover SUV produced by Chinese automaker Geely. Originally planned to be launched as part of the Emgrand series during