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 S-Max Ford S-Max The Ford S-Max (stylized as Ford S-MAX) is an MPV produced by Ford Europe for the European market. Ford also describes the S-Max as an SAV. Introduced at the 2006 Geneva Motor Show, the S-Max went on sale alongside the new generation Galaxy in June 2006. The S-Max is intended to be sporty as a saloon, and spacious as an MPV. It shows inspiration from the seven-seater large MPV Galaxy, and compact MPV Ford C-Max. The S-Max has received many positive reviews and awards, and was voted European Car of the Year 2007 on 13 November 2006. Ford