Recently, the Chief Automobile Group (PAG) of Ford Motor Company announced that it would reorganize its management in China to further strengthen its investment in the China market. Hu was appointed president of China, the chief automobile group, and Ning Lida was appointed general manager of China, Volvo Car Company. As a consortium of luxury high-end car brands owned by Ford Motor Company, PAG Group includes Aston Martin, Jaguar, Land Rover and Volvo. Hu has worked in the automobile market of Taiwan Province Province for many years, and served as CEO of Taiwan Province Province and Jaguar Taiwan Province Province respectively. During his tenure, Mazda's market share in Taiwan Province Province increased from 0.7% to 6.1%; Jaguar's sales in Taiwan Province Province also increased from 120 to 480 vehicles in five years. Mr. Ning Lida, the newly appointed president of Volvo Car Company in China, has worked in Volvo Car Company for more than 30 years and once served as the vice president of sales and marketing of Volvo Car in Europe.
In 2005, PAG Chief Automobile Group launched seven new cars in China, including the brand-new Volvo S40, Volvo C90V8 Executive Class, Jaguar XJ8L and XJ6L, Discovery 3, 2006 Range Rover and Range Rover Sport Edition. Driven by new products, so far, Volvo car sales have increased by 47% year-on-year, Jaguar has increased by 147%, and Land Rover has increased by 57%.