Volvo announced the expand of it’s engine range with two new aluminum based 1.6-liter GTDI engines. Both 1.6 GTDi, the 1.6 GTDi T3 with 150 horsepower (110 kW) and the T4 GTDi with 180 horsepower will be available in the all-new Volvo S60 and V60. The 180 hp engine delivers maximum torque of 240 NM from just 1600 and all the way up to 5000 revs a minute. The 150 hp 1.6 GTDi version offers 240 NM of torque.
“We estimate reductions in fuel consumption and exhaust emissions in the ...
China's Geely, that completed the acquisition of Volvo Car Corporation just two weeks ago, plans to build manufacturing facilities to build Volvo cars in Shanghai.
According to local press reports, the 800,000sqm factory will open in the second half of 2012 and have a capacity of 300,000 units per year, not far short of Volvo’s total 2008 global sales of 375,000.
Volvo's China headquarters, research and development center as well sales and sourcing center will also move to in Jiading, reported Oriental Morning Post and People's Daily.
A Volvo Museum will also ...
Geely Boss Li Shufu mentioned just hours after the announcement of the Chinese automakers purchase of Volvo that he wants Volvo cars to compete with top end marques like BMW and Mercedes.
According to the Financial Times, Volvo was unable to develop such a car under Ford’s mighty grasp. The company was worried about a massive Volvo stealing sales from Jaguar, which was also owned by Ford at the time.
The decision to build a model bigger than S80 came somewhat logical, after Volkswagen announced the new generation Phaeton, and Citroen started ...
Ford Motor Company said Monday that it had completed the sale of its Swedish unit Volvo to Zhejiang Geely Holding Group.
Geely paid $1.3 billion cash for the carmaker, issued a $200 million note payable to Ford, and further payments are expected with a later price “true-up,” Ford said in its statement. In March, when the deal was announced, the price tag was put at $1.8 billion.
"Pursuant to the terms of the agreement, Geely today issued the note and paid $1.3 billion in cash to complete the sale," Ford said in ...
With the launch of 2010 Volvo C30 this week, the Volvo Australia has made an announcement for the update of 2010 Volvo C70.
As the powertrain of Volvo C30 are mainly the same with some refreshments to the previous model, the updated Volvo C70 will feature a fascinating front-end look. Not only this, the C70 will also bring a humbly squeezed rear-end as well as many upgrades of the interior. Volvo is looking forward to make a bashing entry with full preparation this time, as the C70 has some of the ...
Previous reports said that Geely-Volvo's headquarters and plant will be located in Jiading District, Shanghai, but today Geely said a Chinese manufacturing base for Volvo cars has not been decided upon yet, the People's Daily reported.
Zhejiang Geely Holding Group signed a deal at the end of last month with Ford Motor Co. to acquire the U.S. auto giant's Volvo car unit for $1.8 billion, and since then there have been many guesses about where Volvo's China plant will be established.
Recently Chinese media reported that Geely-Volvo (China) headquarters will likely be ...
Zhejiang Geely Automotive Group's $1.8 billion acquisition of Volvo from Ford represents the most ambitious action to date for a Chinese vehicle manufacturer to accelerate the process of transforming into a global automotive player.
Li Shufu has described the deal as the "poor boy from the countryside" (Geely) marrying the "rich girl from the city" (Volvo). Like all wedding ceremonies, Sunday's deal signing in Gothenburg, Sweden could be described as a celebration of hope and love for the newlyweds.
Sharing the Same Bed, Having Different Dreams
It is a marriage of two ...
Geely’s acquisition of Volvo is expected to be finished in the third quarter of 2010, but the capital sources and structure of it remain unknown, and Volvo's Beijing factory has not got approval yet from the local government..
Geely’s chairman Li Shufu explained Geely had acquired 100 percent stake in Volvo cars for $1.8 billion, including 1.6 billion in cash and a 200 million note, plus the additional $900 billion in working capital, which totals $2.7 billion. Li Shufu said half of the $2.7 billion comes from overseas, and the other ...
Zhejiang Geely Holding Group has won support from Chinese officials to buy Volvo Car Corp. from Ford Motor and will seek to sell Volvo sedans as China's official cars, now dominated by Volkswagen AG' Audi brand, Bloomberg reported.
Geely intends to boost Volvo sales in China, the world's largest auto market, ninefold to 200,000 a year within five years, Chairman Li Shufu said on March 28, after the company signed a deal to buy Volvo from Ford Motor for $1.8 billion.
A crucial consumer group in China for Volvo cars may be ...
Chinese auto maker Zhejiang Geely Holding Group will maintain Volvo cars' production in Sweden, said Chairman Li Shufu.
Volvo will not be Volvo any more if taken out of Sweden, as the brand has its root there, Li said after returning from Sweden, adding that the two brands will be like brothers, rather than father and son.
On Mar. 28, Geely signed a definite stock purchase agreement to hold 100% of Volvo for US$1.8 billion.
The auto maker said in a statement that it intends to keep Volvo's existing manufacturing facilities in Sweden ...
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