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
Ford Escort (China) Ford Escort (China) The current generation Ford Escort is a compact car sold on the Chinese and Taiwanese market by the Ford Motor Company. Following its announcement in mid-2013 that they intended reviving the "Escort" name for a car based on an older version of the Ford Focus, Ford launched the new Escort in January 2015. Ford had used the Escort name on three earlier car lines; firstly on a variant of the Ford Squire sold in the UK 1955 to 1961, then on the better-known European Ford Escort sold from 1968 to 2004, and the North American Ford Escort