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 CK Geely had planned to begin selling the model in Puerto Rico in 2007 on the way to beginning sales in Mainland America the next year. However, since Geely failed the IIHS and NHTSA safety tests, plans are currently halted. The CK was also shown at the Frankfurt Motor Show in 2005 along with four other Geely models. At least 1,500 Geely CKs were shipped to Cuba in 2009, where they would replace some of the many Lada 2105s used by government officials and police. The car is thus becoming a common sight in Cuba. Displacing the old Russian-made Ladas, it