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
Luqiao District 6 subdistricts and 4 towns: Luqiao District Luqiao District (; Tai-chow dialect: Lu-giao K'ü) is a district of Taizhou in Zhejiang Province, People's Republic of China. The district has an area of and a population of approximately 425,200. Luqiao District was established in 1994, having previously been a town under the administration of Huangyan County (present-day Huangyan District). Luqiao is the location of Taizhou Luqiao Airport and also is the headquarters of Taizhou Commercial Bank and Zhejiang Tailong Commercial Bank, making it the financial capital of Taizhou. Geely Car group originated from Luqiao and has a large manufacturing base here.