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 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