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
2001 China Jia B League Match Fixing Jia B team Guangzhou Geely had name changes when naming-sponsors ended sponsorship. Li Shufu, chief of Geely Group, was quoted as saying, "We won't come back until Chinese soccer environment turns better." Unsatisfied with the punishment made by the CFA, Song Weiping, the president of Zhejiang Greetown, submitted a list of referees allegedly taking bribes to CFA, seeking to have names removed from future matches. Gong Jianping, the referee of the Changchun-Zhejiang match, was arrested for bribery charges unrelated to the final round, and sentenced to 10 years in prison. 2001 China Jia B League Match Fixing The 2001 China