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 "Future Geely": Uncommon ripple intake grille, sportive and retro. Peter thinks that a car should look active, since it's not something like a furniture. The interior is mostly chrome plated. Orange decorating LED light strip and ACC (Autonomous cruise control system) were available. It is equipped with double wishbone suspension tuned by automotive technology company Prodrive. The Borui engine options include a 1.8T GDI engine and 3.5L V6 aluminum engine, as well as a six-speed direct shift gearbox provided by Australian transmission producer DSI, which was acquired by Geely in 2009. 2015: 1.8T 163hp L4 petrol 2.4L 162hp L4 petrol