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
Geely MK hatchback versions of the Geely MK which was also known as the Geely Jinying. Based on the Geely MK sedan, the Geely Englon SC6 originally revealed as a concept in 2011. The production version debuted at the Beijing Auto Show in April 2012. Three engines were available including a 1.3L, a 1.5L and a 1.8L mated to a six-speed tiptronic gearbox. Price ranges from 53.800 yuan to 60.800 yuan. 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