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 BL Its 1.3 L engine is a Toyota Motor Corporation design, produced by Xiali. Production ended in 2006. Geely BL The Geely BL is a coupe automobile from Chinese manufacturer, Geely Automobile. The "BL" name stands for "Beauty Leopard". The car was designed with help from Daewoo and was introduced to production in January, 2003. It is best known outside China for being the first vehicle with an in-car karaoke machine. The car's design seems to copy mostly the Toyota Celica, with the front taking inspiration from the Honda Integra and the rear from the Toyota Supra. The Geely BL is