March 21, 2010
Geely
The following articles have been tagged with "Geely":
Geely secures Volvo purchase finance
Business & Money: 10 Mar 10
Chinese car maker Zheijiang Geely Holding Group is a step closer to becoming the new owner of Swedish firm Volvo Cars after announcing that it had secured the 15 billion kronor ($2.1 billion) in financing.
READ »
'Volvo production to remain in Sweden': Geely
Business & Money: 1 Feb 10
Chinese car maker Geely has declared its intention to keep Volvo production in Sweden after completing the purchase of the company from US auto giant Ford, saying that it wants to protect Volvo's brand image.
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Geely to make 300,000 Volvos a year in China
Business & Money: 26 Jan 10
Geely aims to manufacture 300,000 cars a year in China, but intends to keep Volvo’s Swedish operations intact, according to plans the company has presented to Chinese authorities.
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Geely seeks to allay Volvo tech theft fears
Business & Money: 20 Jan 10
As China’s Geely Group prepares to purchase Volvo Cars, suppliers and unions have expressed concerns about unauthorized copying of the Swedish carmaker’s technology.
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Volvo's future with Geely 'bright': Ford head
National: 13 Jan 10
Volvo Cars is set to thrive under new management after Ford completes the sale of its Swedish brand to Chinese automaker Geely, Ford CEO Alan Mulally said Tuesday.
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Last-ditch Swedish effort to save Saab
National: 10 Jan 10
The Swedish Government has evidently not given up hope that the ailing Swedish-based Saab Automobile can be saved, as a delegation makes its way to General Motors headquarters in Detroit.
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Expansion plans for Volvo production in China
National: 9 Jan 10
Chinese carmaker Geely, which is poised to acquire Swedish auto brand Volvo from US giant Ford, plans to expand the production of Volvo cars in China, according to media reports.
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Saab can still be sold: General Motors
National: 9 Jan 10
General Motors announced on Friday it had begun "an orderly wind-down" of its Swedish unit Saab, but would consider any late proposals for the brand, in a move drawing protests from Sweden.
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GM begins official Saab wind-down
National: 8 Jan 10
General Motors have taken the decision to start official proceedings to wind down the Saab Automobile organisation in Trollhättan.
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Deal to save Saab unlikely: GM head
Business & Money: 7 Jan 10
The CEO of General Motors expressed doubts on Wednesday about the likelihood of a last-minute deal to save Saab Automobile from being shut down.
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China to back Geely purchase of Volvo
Business & Money: 31 Dec 09
Geely Automobile's executive director has said it will look at ways to collaborate with Volvo once its parent group completes the acquisition of Ford's Swedish unit, adding that the deal had the backing of the Chinese government.
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Geely to run Volvo as an independent brand
Business & Money: 26 Dec 09
Volvo will remain intact if Chinese carmaker is successful in its bid to purchase the Swedish brand from US auto manufacturer Ford, according to Geely's top executive, who was quoted by the state-run Chinese media on Friday.
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Swedish media sceptical over Volvo sale to Geely
National: 25 Dec 09
Ford's Wednesday announcement that it would sell its Swedish auto brand Volvo to China's Geely met a chilly reception in the Swedish media this week.
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Cross-party support for Volvo deal
National: 23 Dec 09
Enterprise Minster Maud Olofsson was joined by leading Social Democrats on Wednesday in welcoming a deal over the sale of Volvo Cars to China's Geely. But labour group Unionen expressed concern for the future of the Swedish marque.
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China's Geely: from fridge parts to car giant
Business & Money: 23 Dec 09
The Geely group, which US auto giant Ford said Wednesday had agreed to terms for buying its Swedish brand Volvo, began as a refrigerator parts supplier but, in just two decades, has grown into one of China's largest private carmakers.
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Ford confirms Volvo sale agreement
Business & Money: 23 Dec 09
US auto giant Ford confirmed late on Wednesday morning that an agreement has been reached to sell Volvo Cars to Zhejiang Geely Holding.
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Geely expected to close Volvo deal
National: 23 Dec 09
In what has been a tumultuous month for the Swedish auto industry, Chinese carmaker Zhejiang Geely Holding could close a deal with American Ford on Wednesday for the purchase of Volvo cars.
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Former Volvo directors oppose Chinese sale
Business & Money: 12 Dec 09
Chinese automaker Geely is not a suitable owner of Volvo Cars, according to eight former Volvo directors. But Volvo Cars management has dismissed the opposition to the deal as bordering on xenophobia.
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Volvo suitor Geely resumes trading
Business & Money: 8 Dec 09
Chinese automaker Geely resumed trading of its Hong Kong-listed shares on Tuesday afternoon following confirmation of strong sales figures announced on Monday.
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Geely halts trading in wake of Volvo comments
Business & Money: 8 Dec 09
Chinese automaker Geely suspended trading of its Hong Kong-listed shares on Tuesday to clarify statements it made about Volvo Cars the previous day.
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Jakob group 'ready to bid' for Volvo Cars
Business & Money: 7 Dec 09
The Swedish consortium Jakob said on Monday it is ready to buy Volvo Cars if the opportunity arises.
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Crown rolls out new bid for Volvo Cars
Business & Money: 3 Dec 09
The international consortium Crown, which includes former Volvo head Roger Holtback, has submitted a revised offer to buy Volvo Cars.
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Geely secures Volvo financing: report
Business & Money: 27 Nov 09
The prospective buyers of Sweden-based Volvo Cars, Chinese firm Geely, have confirmed that they have secured the necessary financing for the deal.
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Koenigsegg backs out of Saab deal
Business & Money: 24 Nov 09
A group headed by Swedish sports car maker Koenigsegg has broken off negotiations over the purchase of Saab Automobile, the prospective buyer said in a statement.
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New buyer interest to bid in Volvo sale
National: 21 Nov 09
A further two consortiums are set to compete with China’s Geely, the front runner to purchase Volvo Cars from Ford, and are expected to submit offers in the coming week.
READ »
Geely to sell one million Volvos a year: report
Business & Money: 11 Nov 09
China’s Geely, the front runner to purchase Volvo Cars from Ford, wants to build a factory in China to help increase Volvo sales to one million vehicles, according to US media reports.
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Losses continue to shrink for Volvo Cars
Business & Money: 2 Nov 09
Volvo Cars posted a much improved third quarter result on Monday, losing only $135 million compared with the $458 million the company lost a year ago.
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Geely faces Volvo image challenge: analysts
Analysis & Opinion: 29 Oct 09
Geely Automobile's confirmed bid for Volvo is evidence of China's growing economic clout, but analysts say the company will face the tough challenge of ensuring the Swedish brand's reputation for safety, writes AFP's Allison Jackson.
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Ford picks China's Geely to bid for Volvo Cars
National: 28 Oct 09
Chinese automaker Geely is the only remaining bidder for the purchase Volvo Cars.
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Ford 'examining Chinese Volvo bid'
Business & Money: 25 Sep 09
Ford's plans to sell Volvo to Chinese carmaker Geely for $2.5 billion are proceeding, according to reports.
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Geely withdraws reported offer for Volvo
Business & Money: 16 Sep 09
Chinese automaker Geely, which had previously indicated its intentions to own 100 percent of Volvo Cars, has scrapped plans to put together a bid for Ford’s troubled Swedish subsidiary.
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Chinese automaker signs on to Saab deal
Business & Money: 9 Sep 09
Sweden's Koenigsegg Group has brought on Chinese auto company Beijing Automotive Industry Holding Co Ltd (BAIC) to secure the financing needed to buy Saab from General Motors, Koenigsegg said on Wednesday.
READ »
Geely confirms Volvo interest
Business & Money: 8 Sep 09
Chinese car giant Geely confirmed on Tuesday that it is considering a bid for Ford's Swedish subsidiary Volvo Cars.
READ »
Former parent 'not interested' in Volvo Cars
Business & Money: 17 Aug 09
Volvo Cars' one-time parent company Volvo Group has thrown cold water on claims that it is mulling membership of a consortium working to bring the auto maker back to Sweden.
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Swedish consortium enters battle for Volvo
Business & Money: 15 Aug 09
A new consortium dominated by Swedish owners has at the last minute joined in the battle to purchase Volvo Cars from Ford, according to media reports.
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Chinese firm close to Volvo Cars bid: report
Business & Money: 6 Aug 09
Chinese automaker Geely is putting the finishing touches to a bid to become a majority owner of Volvo Cars as head of a consortium that will also include an undisclosed Swedish investor, business daily Dagens Industri reports.
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China's Geely to buy Volvo Cars: report
Business & Money: 18 Jun 09
Volvo Cars is to be sold to Chinese automaker Geely following an initial agreement with Ford, according to media reports in China. But representatives from both companies deny any deal is in the works.
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Top contenders for Saab purchase named
Business & Money: 12 May 09
Three bidders from three different countries are said to be the most likely buyers for Saab Automobile, according to an unnamed source with Saab's owner, General Motors (GM).
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Saab sale narrows to 'two or three buyers'
Business & Money: 11 May 09
The sale of Swedish car maker Saab Automobile is entering its closing stages with only two or three interested parties remaining in the hunt for the firm.
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Chinese suitors plan visit to Volvo Cars: report
Business & Money: 20 Apr 09
Chinese auto company representatives interested in buying Volvo Cars from Ford will be heading to Sweden next week to visit the troubled Swedish carmaker’s European headquarters.
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'Chinese firms too small for Volvo takeover'
Business & Money: 29 Mar 09
Chinese car makers are too small to take over troubled Swedish firm Volvo despite the persistent rumours of an imminent bid, market analysts have said.
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Rumoured Volvo deal halts trading for Chinese automaker
Business & Money: 27 Mar 09
Rumours of a potential deal for troubled Swedish automaker Volvo forced China's largest independent carmaker Geely Automobile to suspend trading of its shares on Friday.
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Buyers eyeing Volvo Cars: Ford
Business & Money: 25 Mar 09
US car maker Ford revealed on Wednesday it is in detailed talks with potential buyers for its Volvo Cars subsidiary.
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Swedish group among Volvo bidders: report
Business & Money: 10 Mar 09
A group of Swedish-led investors may be preparing a bid to buy Volvo Cars, according to a media report.
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Several bidders eyeing Saab: source
Business & Money: 4 Mar 09
A number of potential bidders, including two Chinese automakers, have shown an interest in purchasing Saab, sources with knowledge of the situation said on Tuesday.
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"Recently I’ve been thinking of how much mental space we could create if we collectively agreed to get rid of stereotypes. All of those small compartments we walk around with in our heads would suddenly be cleared away and we’d feel so much lighter. Just think of all of that space for real new perceptions..." READ »
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