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 complete knock-down kits. Geely is also marketed in Lebanon, through the Rasamny Younes dealership network. The Cuban government has purchased a considerable number of Geely vehicles, and they are pressed into service as police patrol cars or tourist taxis throughout Havana. In 2010, Geely surpassed its 400,000-vehicle sales target goal for the first time selling 415,286 cars of its 680,000 units/year production capacity prompting the company to set its 2011 sales target at 480,000 cars, a 16% increase. Geely Auto Group reported annual sales of 1,24 million cars in 2017, an increase of 63% from the previous year. Due to