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China’s car exports topped 1 million for the first time


China's vehicle exports exceeded 1 million units for the first time last year. According to the latest stats from China's Association of Automobile Manufacturers (CAAM), the country shipped overseas a total of 1,056,100 vehicles in 2012, up 29.7 percent versus 2011. Although the year-on-year growth slowed to 30 percent from 50 percent in 2011, the rate is still much higher than the ...
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Zhejiang Geely reportedly bidding for London cab maker Manganese Bronze
Zhejiang Geely Holding Group has reportedly submitted a bid to by Manganeze Bronze Holdings, the company that makes London's black cabs. According to a Bloomberg report that quotes two people familiar ...
Volvo gets $1.2 billion loan from China Development Bank
Volvo Car Corporation will receive a €922 million ($1.2 billion) loan from China Development Bank to repay its debt, the Swedish carmaker announced on Thursday. The Chinese-owned carmaker hopes for more ...
Geely gets Volvo’s approval to use three of its technologies
Zhejiang Geely Holding Group has signed a deal with Volvo Cars that allows the Chinese carmaker to use some technologies Volvo plans to phase out within two year. Geely announced on ...
Volvo to cut production at its Ghent plant in Belgium from 2013
Volvo Car Corporation will cut production at its plant in Ghent, Belgium, and will not renew contracts for 300 staff from employment agencies as of 2013. Volvo, which was bought by ...
Volvo’s operating profit down 84 percent in H1
Volvo Cars Corporation announced on Wednesday that its operating profit fell 84 percent in the first half of 2012 compared to the same period last year. The Swedish carmaker owned by ...
Volvo and Zhejiang Geely to Form a Carmaking Venture in China
Volvo Car Corp. and Zhejiang Geely Holding Group Co. plan to form a carmaking venture as part of a deal to expand the world’s largest vehicle market. Zhejiang Geely Holding Group ...

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