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
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