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
Emgrand EC7 garages that used to sell Škodas before the company was owned by Volkswagen, and the type of establishment that once might have sold Rovers." Emgrand EC7 The Emgrand EC7 is a compact car produced by the Emgrand, division of the Chinese automaker Geely. After the discontinuation of the "Emgrand" brand, the EC7 was simply marketed as the Geely Emgrand or Geely New Emgrand in China. The EC7 was the launch vehicle for Emgrand (), the medium to high-end luxury brand of Geely that was launched in July 2009. The car was developed from the outset as an export model. Geely