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 Yuanjing 6-speed tiptronic transmission or 5-speed automatic transmission which is the same as Geely Yuanjing. The first Generation of Geely Yuanjing went on sale on May 18, 2007 after being adjusted by Magna Steyr. Originally named the Geely FC, the compact sedan was later renamed to Geely Yuanjing (Vision) sedan under the Yuanjing (Vision) product series as opposed to the Geely Emgrand (EC7) sedan of the Geely Emgrand product series (Previously a separate sub-brand of Geely). It set its opposite as Hyundai Elantra, which was being sold better than most models in China. Geely Yuanjing carries the most advanced engine produced