Geely Posts 59% Sales Increase in 2009
15 Jan 2010, 09:30 UTC · By: Bogdan Popa / Geely, which currently has the highest chances to take control of Swedish manufacturer Volvo, posted a sales increase of 59 percent in 2009 to 325,413 units. Furthermore, December was the best month...
Volvo Still Up for Grabs Despite Geely Agreement
13 Jan 2010, 10:23 UTC · By: Bogdan Popa / Although we all believed that Volvo is 99 percent sold, it appears that Ford is also willing to listen to other offers it might receive from various interested parties around the world. At least, th...
Geely - Volvo Deal Terms Revealed
11 Jan 2010, 11:54 UTC · By: Bogdan Popa / Up until now, lots of media sources talked about the Volvo - Geely deal but nobody knew for sure which exactly are the terms of the agreement and what is going to happen to the Swedish unit after th...
Geely to Launch Chinese-Made Volvo
11 Jan 2010, 09:47 UTC · By: Bogdan Popa / Although Geely assured everyone that Volvo's operations would remain untouched once the Swedish unit steps under its ownership, the company will actually suffer some slight changes. Mostly beca...
Geely Rolls Out Nanoq Electric Car
4 Jan 2010, 09:13 UTC · By: Bogdan Popa / Chinese carmaker Geely presented at the COP15 summit its latest effort in the green car sector, a model developed in collaboration with Danish company Lynx. The car incorporates a lithium-ion batter...
Geely Promises to Keep Volvo as Is
29 Dec 2009, 11:22 UTC · By: Bogdan Popa / Ford has already confirmed that Geely is very close to take control of Volvo, with the final signature expected to come in early 2010. Although various media reports have already suggested several c...
Ford Seals Deal with Geely, Volvo to Be Sold in 2010
23 Dec 2009, 12:01 UTC · By: Daniel Patrascu / As we told you in an earlier report today, American manufacturer Ford officially announced it has settled all the terms of a future agreement with Chinese company Zhejiang Geely Holding Group for th...
Geely Volvo Deal May Be Announced Today
23 Dec 2009, 09:15 UTC · By: Daniel Patrascu / With all the excitement surrounding Volvo's countrymen Saab, the fate of Ford's division in Europe has somehow slipped in the background. Yet, apparently, things are moving along and, acco...
Taiwan Carmaker Yulon Eager to Cut Spendings by 30% in 2010
22 Dec 2009, 14:40 UTC · By: Andrei Tutu / Taiwan’s largest automotive producer, Yulon Group, has recently decided to reduce its expenses by 20% to 30% in 2010. The decision comes in the context of an economic forecast stating that th...
Saab's Hope Coming from China
21 Dec 2009, 09:04 UTC · By: Bogdan Popa / General Motors announced last week that it wants to discontinue Saab and, along with it, shut down 218 US dealer franchises and eliminate 3,400 jobs. However, rumors are claiming that Saab might sti...
Volvo-Geely Deal, Done by Chinese New Year
16 Dec 2009, 10:07 UTC · By: Alex Vasile / Another important piece of the Volvo Geely puzzle has been put into place as, according to Reuters, Zhejiang Geely Holding Group wants to complete the acquisition of Ford Motor's Volvo unit in ...
Geely Considering Saab Bid
7 Dec 2009, 13:22 UTC · By: Bogdan Popa / Geely has already been named Ford's preferred bidder for Volvo but the Chinese company is far from ending its European expansion. According to the recent rumors surrounding GM's Swedish un...
Volvo Sees Geely as a Good Choice
7 Dec 2009, 09:18 UTC · By: Daniel Patrascu / Although for some, placing Volvo, the epitome of safety in vehicles, into Chinese hands would be the human equivalent of a suicide, Volvo Australia's managing director, Alan Desselss, believes ...
Ford and Geely IP Rights Deal Goes Through
27 Nov 2009, 13:49 UTC · By: Alex Vasile / Zhejiang Geely Holding Group and Ford Motor Co have finally agreed on the intellectual rights concerning the Volvo deal, said a Geely spokesman located in Europe. This agreement will help finalize ...
Former Ford Director to Submit Volvo Bid
23 Nov 2009, 11:19 UTC · By: Bogdan Popa / Volvo is becoming more attractive for companies that are looking at ways to expand their global operations. After Ford confirmed that Geely is its preferred bidder, a former director of the US-based...
Volvo to Retain Rights Over Licensed Technologies
17 Nov 2009, 11:07 UTC · By: Bogdan Popa / In case the deal with Chinese carmaker Geely goes through, Volvo will continue to hold the rights over its licensed technologies while its new owner will only be able to use them. A Geely spokesman ...
Geely Aiming to Set Up Chinese Plant for Volvo
11 Nov 2009, 10:15 UTC · By: Bogdan Popa / If the deal between Geely and Volvo goes through, the Chinese carmaker has fairly ambitious plans for the Swedish brand, especially in the domestic market. A report rolled out by the Wall Street Jou...
Yulon Motor, Geely to Collaborate on Electric Car
5 Nov 2009, 11:12 UTC · By: Bogdan Popa / Geely Automobile and Yulon Motor, based in Taiwan, will start working on a number of electric cars powered by lithium-ion batteries. An agreement between the two companies is expected to be signed n...
Geely Confident of Buying Volvo
2 Nov 2009, 09:10 UTC · By: Bogdan Popa / Zhejiang Geely Holding, owner of Geely Automobile, is confident that it will manage to complete the Volvo takeover after Ford confirmed last week that the Chinese manufacturer has the biggest chance...
Geely Shares Rise After Ford Confirms Volvo Bid
29 Oct 2009, 11:11 UTC · By: Daniel Patrascu / As it was to be expected, yesterday's official announcement that Chinese holding group Geely is the preferred bidder in the race for Volvo made all the difference for Geely Automobile, the auto...