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 Borui GE 190hp and 300Nm (221 lb.ft) of torque. The "GE" in Borui GE might stand for "grand evolution", "genius efficient" or "Geely elite". As the Geely Borui GE went on sale on May 28, about 2000 units of car was sold in the first hour. Geely Auto had organized a driving activity on May 10, 2018, about three weeks before going on sale. The activity was mainly about the low of fuel consumption of Borui GE. The Beijing-Shanghai journey began on the morning of May 10 and was end at midnight. What highlight is each car in event used only a