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Volvo’s parent Geely dives after profit slowdown is announced


Geely Automobile Holdings Ltd., led by Chinese billionaire Li Shufu and the parent company of Sweden’s Volvo Cars, had a rough time on the Hong Kong stock exchange. The company’s shares took a steep fall after the company forecasted its full-year net income could plunge as much as 50% due to the crumbling Russian currency and the continued slump in demand ...
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More Geely articles

China: Volvo’s owner starts restructuring process for core Geely brand
Chinese billionaire Li Shufu, which back in 2010 bought Volvo from Ford and then orchestrated the Swedish brand’s five-year renewal, has decided it was now time to focus on the ...
European designer tasked to build team and style for China’s Geely
Peter Horbury, a designer that has previously worked with Volvo and Ford is now facing an interesting and difficult challenge: to create a styling team and a design language for ...
China: Geely’s first half profit dips 20%
Geely Automobile Holdings Ltd, one of the major domestic carmakers in China, announced its six months profit dropped 20%, disrupted by a sales slump at home as major foreign brands ...
Geely wants Volvo to make a dent in China’s luxury sales
Li Shufu, the billionaire chairman of one of China’s most successful companies, Geely – now the owner of Scandinavia’s Volvo – sees the European brand ready to catch up with ...
Geely says it’s happy with Volvo’s management
China's Zhejiang Geely Holding Group Co. dismissed concerns that it's unhappy with the direction of its Swedish car-making unit Volvo Cars. The comments came after Friday in a report Reuters said ...
Volvo and Geely open new R&D Centre
Not so long ago, Geely announced it would use in the future technology and car platforms developed by Volvo for its own products, and now a new step towards that ...
After releasing the Volvo jointly developed models, Geely targets U.S. and Europe exports in 2016
We reported earlier this week that Geely Automobile Holdings Ltd, now parent of Volvo Cars intends to profit from its acquisition by developing with the Swedish automaker new models for ...
Geely will offer in 2015 models jointly developed with Volvo
Geely Automobile Holdings Ltd. has bought Volvo Cars in 2010 and will now bear the fruits of the acquisition, delivering jointly developed cars from 2015 in order to compete on ...
Fisker Might Choose Geely as its Partner or Strategic Investor
According to anonymous sources Fisker might choose China’s Zhejiang Geely Holding Group as its partner or strategic investor. "The company has received detailed proposals from multiple parties in different continents which ...



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