Post Tagged with: "Geely"

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Volvo Cars reports robust profit for 2013

Volvo Cars reports robust profit for 2013

Geely-owned Volvo Car Group, on Friday said the company returned to a solid profit in 2013 – after the automaker has cut jobs and posted strong sales. The Gothenburg-based automaker said net profit for 2013 climbed to $301.9 million (1.92 billion Swedish crowns) up from $66 million (542 million Swedish […]

China: Geely stock close to 18 months low

China: Geely stock close to 18 months low

Geely Automobile, the Chinese automaker that is now the parent of the Swedish carmaker Volvo, announced its sales went down 32% to 21,415 vehicles in February. The news took the investors by storm, prompting the company’s stock to drop 3% in Hong Kong trading – very close to its 18-month […]

China: electrical car rental company on the rise

China: electrical car rental company on the rise

Chinese electric-car rental company, Kandi Technologies Group Inc., has risen to a new record in share trading after announcing its profitability and expansion plans. Signaling China’s political opening to the electric cars, Kandi’s stock was risen by investors to $15.56 yesterday, a 16 % surge and the highest since the […]

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Geely says it’s happy with Volvo’s management

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 sources described the 87-year-old Swedish carmaker, acquired by Geely in 2010 to be torn between a desire to hang […]

Geely chairman says: “Let Volvo Be Volvo”

Geely chairman says: “Let Volvo Be Volvo”

During the fourth annual Global Auto Forum (GAF) held in Wuhan, China, Li Shufu, Chairman of both Zhejiang Geely Holding Group Co., Ltd and Volvo Group spoke about the reported problems within the Group. In 2010, Geely offered $1.8 billion to purchase Volvo from Ford. Geely’s move to take over […]

Geely unveils EC7-EV

Geely unveils EC7-EV

The Chinese based automaker Geely has recently unveiled the EC7-EV, which has been co-developed with Detroit Electric, for the local auto market. The newest creation signed by Geely is named the EC7-EV, and the model has been developed in collaboration with Detroit Electric. The model has been produced with the […]

Shanghai: Geely KC Concept

Shanghai: Geely KC Concept

The Chinese based automaker Geely has recently unveiled its latest creation, the KC Concept, during the 2013 Shanghai Motor Show, in a local premiere. With most major automakers in the world being present at the 2013 Shanghai Motor Show, domestic ones, like Geely, couldn’t say “no” to the automotive event […]

Geely Might Not Make Final Bid for Fisker

Geely Might Not Make Final Bid for Fisker

According to an anonymous source, Geely will not bid for a majority stake in Fisker Automotive, due to the company’s obligations to the US government. China’s Zhejiang Geely Holding Group and the owner of Volvo, has been favored to win the agreement for troubled U.S. electric car maker, which expected […]