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 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