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 LC the Toyota Aygo, instead. Geely outsourced the design of the LC's exterior to another Chinese firm, CH-Auto. Engine specifications – 1.3L While the car is sold in overseas markets, its name and the brand name it is sold under may change. The LC was only sells in Brunei since 2013 (1 year sold), only with 5-speed manual transmission and 4 colours available. The LC is sold in Indonesia as a Geely Panda. The LC is sold in New Zealand as a Geely LC Hatch. A local company, Micro Cars, offers the LC in Sri Lanka. It is domestically assembled from