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 MK Geely MK Geely MK is a subcompact sedan and hatchback produced by Chinese auto maker Geely. Price ranges from 45.900 yuan to 62.900 yuan. Several versions were done and branded differently among Geely's former sub-brands. The last facelift was conducted in late 2015 changing the front and rear views and clarifying the updated model name and branding simply as the Geely Jingang under the Geely brand. The Geely Englon SC6-RV debuted as a concept at the 2010 Beijing Auto Show and started production in 2012. The Englon SC6-RV is based on the Geely Golden Eagle Cross, which are both crossover