Chinese automaker Geely is preparing a small SUV that it wants to sell in Europe and the U.S. Continue Reading...
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We get gadgets, clothes and even car parts from China, but when will we see a car from China sold on our shores? The answer is “very soon.” Continue Reading...
Chinese automaker Geely is officially certified by the FIA to supply its 2.0-liter naturally aspirated engine to the Formula 4 racing series. Continue Reading...
Volvo and Chinese parent company Geely are working together on a sub-compact car that will be used exclusively by the Chinese automaker. Continue Reading...
Volvo and Geely announced today that a new research and development center is operating and has begun work on developing a new modular architecture to be shared between the companies. Continue Reading...
Geely aims to become China’s largest vehicle exporter this year, with as many as 180,000 units shipped overseas. Continue Reading...
Volvo is working on a car sized to rival the Volkswagen Golf that will come as both a hatchback and a sedan. Continue Reading...
Chinese company Geely Automobile Group has teamed up with reborn Detroit Electric Inc. to form a strategic partnership where both parties will co-develop pure electric vehicles for the Chinese market. Continue Reading...
China’s Geely was expected to finalize the sale of Fisker by mid-March, but the Chinese firm will no longer bid for a majority stake in the troubled American electric automaker. Continue Reading...
Earlier this year, we reported that Fisker seemed desperate seeking strategic partners in China, and now it appears that the struggling American automaker could be selling a major stake to China’s Zhejiang Geely Holding Group. Continue Reading...
Swedish automaker Volvo has agreed to share its vehicle technologies with parent company, Geely, which will include the automaker’s midsize vehicle platform or underpinning technology, interior air quality, and safety systems. Continue Reading...
It appears that Indian truck manufacturer Mahindra & Mahindra has pulled out of the race to buy Aston Martin due to the British automaker’s current financial situation. Continue Reading...
Volvo’s aging XC90 is becoming a hand-me-down to Chinese luxury buyers as the automaker signs it over to its parent company Geely. Continue Reading...
Geely will make their first foray into the notoriously tough British market in 2012, hoping to emulate the success of Korean brands like Hyundai. While Geely already helps produce the iconic London taxis, the company will face an uphill battle regarding the vehicle’s perceived quality. Their first UK offering, the EC7 compact car, will cost 10,000 GBP… Continue Reading...
A few years ago, a Chinese car company by the name Geely bought the Swedish luxury car brand Volvo. As part of Geely’s plan to move the Volvo brand forward, they hired famed car designer Peter Horbury to look after the design direction of this luxury car brand. Horbury, who hails from Britain, was no… Continue Reading...
There’s something really Chinese about the Volvo Concept You but I just can’t quite put my finger on it. And I’m actually Chinese. That there is an oriental feel shouldn’t be a surprise. The Concept You is an evolution of the Concept Universe revealed earlier this year at Auto Shanghai earlier this year. Volvo sought… Continue Reading...
Saab‘s days as an automaker might not yet be numbered. According to a recent report a Chinese automaker may be interested in purchasing the bankrupt automaker. “I’ve heard this one before,” you’re probably thinking to yourself. But this time it’s different…. we promise. According to Sweden’s Dagens Industry, the interested Chinese suitor is none other… Continue Reading...
Many people have no clue where to place Volvo. Is it a premium brand like Audi or BMW, or is it more closer to VW and Ford! The truth is, it’s been languishing in the middle for far too long, and the boss of Geely Automobiles, Li Shufu, has been wanting to take the brand… Continue Reading...
Volvo’s corporate overlords Geely will open a second plant in China, citing that Chinese production is a key factor in the Swedish company’s growth. The current Chinese plant is located in Daqing, an oil-rich region in northeast China that provided Geely with a majority of the $2.7 billion needed to buy Volvo from Ford. Now,… Continue Reading...
Chinese automaker Zhejiang Geely Holding Group spent $1.7 billion last year to acquire Volvo from Ford Motor Co.,and now plans to spend as much as $11 billion on Volvo products and facilities over the next five years. Doug Speck, CEO of Volvo Cars of North America, says a growth strategy for the United States will… Continue Reading...
In his first press conference as the newly appointed CEO of Volvo, Stefan Jacoby gave a vague outline of where he intends to take the company. Top on Jacoby’s list are improving Volvo’s emotional appeal and looking for ways to work with suppliers and other automakers in the industry. Jacoby joins Volvo after heading-up VW’s… Continue Reading...
With ownership of Volvo now having officially changed hands from Ford to Geely, the Swedish automaker will look to develop a plan for profitability and growth. And while it’s domestic rival Saab is looking down market, Volvo will reportedly head in the opposite direction, instead planning a new flagship model that would compete directly with… Continue Reading...
Geely has officially purchased Volvo, the iconic Swedish automaker, from Ford, in a rumored $1.8 billion transaction. As part of the deal, Ford will continue to supply powertrains and other components for an unspecified amount of time, while both companies have mutually agreed to safeguard each other’s intellectual property. Stefan Jacoby, formerly head of Volkswagen… Continue Reading...
China’s Ministry of Commerce and its National Development and Reform Commission has signed off on a deal that will let Chinese carmaker Geely to purchase Volvo from Ford for $1.8 billion. “We have received all approvals required from the central government,” Ning Shuyong a spokesman from Geely, told Reuters. “We are currently working on closing… Continue Reading...