Cars
Zhejiang Geely Holding Group Chairman Li Shufu recently had this to say about Volvo and its $1.8 billion purchase from Ford Motor Company: "A tiger belongs to the forest. It belongs to the wild world and not confined in a zoo. We need to liberate this tiger." Anyone else see the irony?
- Two Shall Enter, One Shall Leave: Geely And Volvo Disagree On Volvo's Future
Li Shufu, president of current Volvo owner, China's Zhejiang Geely Holding Group Co., appears to be having some issues with Volvo executives regarding the brand's future plans. According to Auto News Europe, there are two major issues: 1) the...
- China's Geely Completes Takeover Of Volvo From Ford
Chinese carmaker Zhejiang Geely Holding Group Co. (simply known as Geely) completed the purchase of Volvo Cars from Ford Motor Co. on Monday. According to Ford, Geely paid $1.3 billion in cash today and issued a $200 million note for the acquisition...
- Ford Seals Deal With China's Geely, Sells Volvo For $1.8 Billion
For better or for worse, Ford Motor Company has finalized a deal to sell Volvo Cars and related assists (primarily intellectual property) to Chinese automaker Zhejiang Geely Holding Group Company Limited for US$1.8 billion (€1.35 billion at today's...
- China's Beijing Auto Also Interested In Buying Volvo
A second Chinese firm has been added to the list of potential bidders for FoMoCo's Volvo division. Aside from Geely Automobiles Holdings, the Wall Street Journal reported on Wednesday in its online edition that the Chinese government-owned Beijing...
- Revised Geely Gt Coupe Concept Flies Into Shanghai
Alas, a Chinese car with a unique design that does not resemble any other vehicle around. As we reported earlier, Geely's design team refreshed the GT Coupe Concept's looks for the Shanghai Auto Show and while they were at it, they also added...
Cars
Geely Chairman Promises To Liberate Volvo from its Capitalist Owner / Oppressors
Zhejiang Geely Holding Group Chairman Li Shufu recently had this to say about Volvo and its $1.8 billion purchase from Ford Motor Company: "A tiger belongs to the forest. It belongs to the wild world and not confined in a zoo. We need to liberate this tiger." Anyone else see the irony?
According to Autonews, Li was referring to Volvo's dependence on Europe for production and Europe and North America for the most part of its sales.
Geely's chairman believes that this issue will be solved by building a factory in Beijing, China, that will make 300,000 Volvo cars a year, or about the same amount the automaker currently produces at its plants in Sweden and Belgium
- Two Shall Enter, One Shall Leave: Geely And Volvo Disagree On Volvo's Future
Li Shufu, president of current Volvo owner, China's Zhejiang Geely Holding Group Co., appears to be having some issues with Volvo executives regarding the brand's future plans. According to Auto News Europe, there are two major issues: 1) the...
- China's Geely Completes Takeover Of Volvo From Ford
Chinese carmaker Zhejiang Geely Holding Group Co. (simply known as Geely) completed the purchase of Volvo Cars from Ford Motor Co. on Monday. According to Ford, Geely paid $1.3 billion in cash today and issued a $200 million note for the acquisition...
- Ford Seals Deal With China's Geely, Sells Volvo For $1.8 Billion
For better or for worse, Ford Motor Company has finalized a deal to sell Volvo Cars and related assists (primarily intellectual property) to Chinese automaker Zhejiang Geely Holding Group Company Limited for US$1.8 billion (€1.35 billion at today's...
- China's Beijing Auto Also Interested In Buying Volvo
A second Chinese firm has been added to the list of potential bidders for FoMoCo's Volvo division. Aside from Geely Automobiles Holdings, the Wall Street Journal reported on Wednesday in its online edition that the Chinese government-owned Beijing...
- Revised Geely Gt Coupe Concept Flies Into Shanghai
Alas, a Chinese car with a unique design that does not resemble any other vehicle around. As we reported earlier, Geely's design team refreshed the GT Coupe Concept's looks for the Shanghai Auto Show and while they were at it, they also added...