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 Yuanjing by Chinese manufacturers at the time, providing ABS and EBD systems for all models. Geely Haijing, which was developed from SMA Haijing, is one of the flagship commercial automobile produced by Chinese car manufacturer Geely. It was introduced in 2009 by Shanghai Maple Motors, later renamed Englon SC7 or Englon Haijing. The Haijing equipped 2 front parking sensors and 4 rear parking sensors. The high match models are powered with 1.8T engine with 6-speed automatic transmission produced by Australian gearbox manufacturer Drivetrain Systems International. The Geely Yuanjing sedan went through a few facelifts with code names FC, FC2, and the