Geely
The following articles have been tagged with "Geely":
EU green lights Volvo and Dongfeng merger
Business & Money: 8 May 13
The European Commission has approved the merger of Sweden's Volvo Trucks and China's Dongfeng Motor, in what will create the biggest truck maker in the world.
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Volvo Cars expected to post major losses
Business & Money: 18 Apr 13
Volvo Cars looks likely to post heavy losses for 2012 in China, due to weaker than expected sales in the world's biggest auto market.
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Geely 'won't jeopardize Volvo integrity'
Business & Money: 21 Feb 13
Volvo Cars owner Geely plans to create a research centre in Gothenburg, western Sweden, to capitalize on advanced European technology without harming Volvo's brand.
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Sales slumber prompts 1,000 Volvo job cuts
Business & Money: 20 Feb 13
Volvo Cars said on Wednesday it was preparing to axe 1,000 mostly white-collar jobs as car sales in Europe have fallen to a two-decade low.
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CEO: 'very difficult' for Volvo Cars to avoid loss
Business & Money: 19 Dec 12
The head of Volvo Cars warned in an interview on Tuesday that it would be "very difficult" for the company to avoid losing money this year and next.
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Volvo Cars to refinance loans with Chinese help
Business & Money: 14 Dec 12
Volvo Cars said on Thursday that it had received a loan of €922 million ($1.2 billion) from the China Development Bank in a move to refinance Volvo's other loans.
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Volvo aims for 'no-death' new cars by 2020
Business & Money: 4 Dec 12
Swedish carmaker Volvo hopes smart functions in its vehicles will result in zero deaths or injuries in new Volvos by 2020, a top manager said on Monday.
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Volvo drives cash into its Swedish factories
Business & Money: 3 Dec 12
Volvo Cars will spend almost half of a multi-billion investment on its production in Sweden, the company said in a statement on Monday.
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Volvo halts production at Swedish plant
Business & Money: 15 Oct 12
Volvo Cars announced Monday that the there would be a week-long stop to production at one of their primary plants following a sluggish European auto market.
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Stroke sidelines Volvo Cars CEO Jacoby
Business & Money: 24 Sep 12
Stefan Jacoby, the CEO of Volvo Cars, has suffered a stroke that has forced him to take a leave of absence from running the Swedish automaker.
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Volvo slashes consultant staff, pressures suppliers
Business & Money: 14 Sep 12
Volvo Cars cut 400 consultant jobs on Friday and warned suppliers they would have to cut prices by 20 percent by 2015 if they wanted to be a part of the Swedish automaker's plans to expand production.
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Volvo profits plummet as global sales slump
Business & Money: 5 Sep 12
Swedish carmaker Volvo reported an 84 percent drop in operating profit through the first half of the year compared to 2011 amid slumping sales and tough competition.
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China and Sweden sign deals during Wen visit
Business & Money: 25 Apr 12
A plethora of deals were signed by Chinese prime minister Wen Jiabao and Swedish companies during his visit to Sweden, including agreements between carmaker Volvo and telecom giant Ericsson.
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Five deals on the table during Chinese visit
Business & Money: 24 Apr 12
When Chinese prime minister Wen Jiabao visited Sweden on Tuesday, it was to sign a series of trade deals, including a major investment with car manufacturer Volvo, according to media reports.
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Volvo confirms Jeremy Lin endorsement deal
Business & Money: 21 Mar 12
American basketball star Jeremy Lin has officially signed a deal with Swedish car manufacturer Volvo, with the company hoping he will boost interest in their products among Chinese car buyers.
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Volvo 'in talks' with NBA superstar Jeremy Lin
Sport: 15 Mar 12
Swedish auto manufacturer Volvo Cars is reportedly in talks with Asian-American basketball star Jeremy Lin in hopes he will endorse their product and bring greater awareness of Volvo in China.
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Volvo unveils first car with 'pedestrian' airbags
Science & Technology: 6 Mar 12
A new Volvo V40 hatchback, equipped with the latest in safety features including the first ever “external“ airbag system, was unveiled at the Geneva Motor Show on Tuesday.
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Volvo Cars makes bid for bankrupt Saab: report
Business & Money: 23 Feb 12
Swedish automaker Volvo Cars has placed a bid for large parts of its bankrupt counterpart Saab Automobile.
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Volvo owners to push car sales abroad: report
Business & Money: 22 Feb 12
Geely Holding Group, owners of Swedish brand Volvo, will begin distribution of vehicles outside the Chinese borders as domestic demand continues to slow, the company said on Wednesday.
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Volvo to add 10,000 staff: CEO
Business & Money: 28 Nov 11
Swedish automaker Volvo, owned by China's Zhejiang Geely, plans to hire a further 10,000 new staff in the coming years, its chief executive said in an interview to be published Monday.
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Saab – what is a Swedish car anyway?
Business & Money: 21 Nov 11
The news that Chinese firms Pang Da and Youngman intend to acquire Saab Automobile, has been greeted by relief, resignation and objection, The Local's Geoff Mortimore explores the twisted fate of an iconic Swedish brand.
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'Cautious optimism' over Saab's second escape from bankruptcy
Analysis & Opinion: 28 Oct 11
While the sale of Saab Automobile may have once again helped the troubled Swedish automaker avoid bankruptcy, uncertainties about possible layoffs and obtaining necessary approvals remain, the AFP's Nina Larsson explains.
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Chinese firms in deal to buy Saab Automobile
Business & Money: 28 Oct 11
Chinese automakers Pang Da and Youngman have agreed to purchase Saab Automobile, according to a statement issued Friday by Saab owner Swedish Automobile.
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Volvo's Chinese owner interested in Saab: report
Business & Money: 6 Oct 11
China's Geely, owner of Volvo Cars, has indicated an interest in acquiring a stake in troubled Swedish automaker Saab Automobile, according to media reports.
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Volvo Cars to close Uddevalla plant
Business & Money: 3 Oct 11
Volvo Car Corporation is terminating production at their plant in Uddevalla, in western Sweden, when they take over sole ownership of the company in 2013, the company announced on Monday.
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Agency denies inflating China deal job figures
Business & Money: 13 Jun 11
Invest Sweden, the state agency tasked with attracting foreign investment to Sweden, has denied reports that it inflated figures detailing the number of jobs created by deals it brokered with Chinese companies.
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Volvo Cars reports sales, profits boost
Business & Money: 12 May 11
Swedish automaker Volvo Cars reported a profit of 2.34 billion kronor ($369 million) for 2010, marking a massive swing back into profit compared 2009.
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Saab secures partnership with Chinese firm
Business & Money: 3 May 11
Saab has entered into a "strategic partnership" with Chinese Hawtai Motor Group, who plan to invest billions of kronor into the Swedish firm, it was announced on Tuesday.
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Volvo Cars plans to hire 1,200 new staff
Business & Money: 29 Mar 11
Swedish car maker Volvo said Tuesday that it plans to hire 1,200 new employees, mostly engineers to meet the development of electric cars and production expansion.
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Radiation fears prompt Volvo shut down in Japan
Business & Money: 15 Mar 11
Swedish truckmaker Volvo is shuttering operations of its Japanese subsidiary amid fears of radiation leaking from nuclear plants damaged in last week's devastating tsunami, the company said on Tuesday.
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Ericsson tips Volvo head as new board chair
Business & Money: 3 Mar 11
Swedish telecommunications giant Ericsson announced plans on Thursday to appoint Leif Johansson, the outgoing CEO of Swedish heavy vehicle manufacturer Volvo, as its new chairman of the board.
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Corporate deals set to take off in Sweden in 2011: report
Business & Money: 28 Feb 11
Sweden is one of the hottest markets in the Nordic region for corporate mergers and acquisitions, according to a new report.
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Volvo unveils China investment plans
Business & Money: 25 Feb 11
Swedish carmaker Volvo hopes investing billions of dollars to create a manufacturing base in China will help the company become a global luxury brand, a report said Friday.
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Truckmaker Volvo drives back to profit in 2010
Business & Money: 4 Feb 11
Swedish heavy vehicles maker Volvo Group returned to profit in 2010, the company reported on Friday, despite a less-than-stellar fourth quarter.
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Volvo opens new China headquarters in Shanghai
Business & Money: 25 Jan 11
Swedish automaker Volvo opened its new China headquarters in Shanghai on Tuesday in its latest bid to expand its market share in the country.
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China to be Volvo's 'second home market'
Business & Money: 12 Jan 11
China may be the largest market for Volvo Cars by the end of 2011, as the company looks to increase sales in China six-fold by 2015, according to the head of Volvo’s China operations.
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Sweden's Volvo Cars increases sales in 2010
Business & Money: 7 Jan 11
After two straight years of slumping sales, Sweden's Volvo Cars bounced back in 2010 despite continued weakness in the US.
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Volvo mulls Chinese plant within two years
Business & Money: 27 Dec 10
Volvo Cars CEO Stefan Jacoby has confirmed that the firm wants to open a new assembly plant in China in two years.
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AB Volvo CEO to resign next summer
Business & Money: 8 Dec 10
After almost 14 years as president and CEO of AB Volvo, Leif Johansson announced his intention on Wednesday to resign in conjunction with his 60th birthday next summer.
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Volvo and Geely clash on China expansion
Business & Money: 3 Dec 10
Volvo Cars and its Chinese owner Geely appear headed on a collision course regarding Volvo's expansion in China, the Financial Times reported late on Thursday.
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Volvo and Geely in two minds over China plans
Business & Money: 13 Nov 10
Volvo Cars and its Chinese owners Geely have different ideas on how best to market the Sweden-based firm's models in China.
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Volvo Cars expects to end year positively
Business & Money: 29 Oct 10
Volvo Cars continues to guide for a full-year positive result after announcing it has achieved an operating profit in the third quarter.
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China now Volvo's third-largest market: reports
Business & Money: 23 Oct 10
China has become the third-largest market for Volvo following its acquisition by Chinese automaker Geely, state media reported Saturday.
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Profits at truckmaker Volvo beat expectations
Business & Money: 22 Oct 10
Swedish truckmaker Volvo has shifted back into profit, reporting third-quarter profits of 2.81 billion kronor ($422 million) on Friday.
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Wanted: 50 Volvo employees in China
Business & Money: 12 Oct 10
Volvo Cars is looking to relocate about 50 employees from Sweden to China as more details emerge about Geely’s plans for the Swedish carmaker's operations in China.
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Volvo scraps COO post in management reshuffle
Business & Money: 5 Oct 10
Volvo Cars has removed its chief operating officer post in a realignment of management roles at the company. An executive from China's Geely is also set to take over a new role.
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China's Geely outlines ambitious Volvo plans
Business & Money: 14 Sep 10
The head of Chinese automotive firm Geely has presented ambitious plans for the future of Volvo Cars, aiming to double global sales by promoting the brand in China.
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General Motors slammed in Saab sale exposé
Business & Money: 10 Sep 10
Jöran Hägglund, the Swedish government's representative at the heart of the deal to sell Saab has pointed the finger at US giant GM and 'foolish' opposition parties, in a revealing new book exposing the battle to save the firm.
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Geely to build large Volvo factory in China
Business & Money: 20 Aug 10
The official website of the district of Jiading in Shanghai has announced that Volvo has decided to set up its Chinese headquarters and factory there.
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Saab and Volvo speed up production
Business & Money: 13 Aug 10
Swedish carmakers Saab and Volvo have both increased production to satisfy rising demand for their cars. Several hundred workers who had previously been laid off have been rehired.
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Indian Volvo workers strike over pay
Business & Money: 3 Aug 10
About 600 employees of a Volvo bus plant near Bangalore in India are striking for better pay and the return to work of four colleagues suspended following a dispute.
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China's Geely completes Volvo purchase
Business & Money: 2 Aug 10
Chinese car maker Geely Holdings formally completed its deal to buy Sweden's Volvo Cars from US auto giant Ford at a ceremony in London on Monday, the firm has confirmed.
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Geely gets second green light for Volvo purchase
Business & Money: 30 Jul 10
A second Chinese government body had approved China's Zhejiang Geely Automobile's plan to buy Swedish automaker Volvo from Ford, the company announced on Thursday.
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China approves Geely's takeover of Volvo
Business & Money: 29 Jul 10
China's Ministry of Commerce has approved Zhejiang Geely Holding's plans to buy Sweden's Volvo Cars from Ford, a report said on Thursday.
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Geely head to lead Volvo Cars
Business & Money: 16 Jul 10
Li Shufu, the chairman of Chinese firm Geely, will also lead Volvo Cars when the acquisition of the Swedish firm is complete, the two firms said on Thursday.
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Geely expects third quarter Volvo deal
Business & Money: 8 Jul 10
China's Zhejiang Geely Holding expects to complete the purchase of Sweden's Volvo Cars in the third quarter, the firm said Thursday after the European Commission cleared the takeover earlier this week.
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EU approves Geely Volvo purchase
Business & Money: 7 Jul 10
The takeover of Sweden's Volvo Cars by Chinese carmaker Zhejiang Geely Holding and a Chinese regional state investment fund was cleared by the European Union's competition watchdog on Tuesday.
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Chinese state investor gets 40 percent of Volvo
Business & Money: 24 Jun 10
Volvo Cars now has a government partner among its investors, but it is not the Swedish state, TV4's business news program Ekonominyheterna reported late on Wednesday.
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Volvo recalls 30,000 cars worldwide
Business & Money: 22 Jun 10
Swedish car firm Volvo has announced the recall of 29,299 of its care worldwide over a gear stick problem which could make it harder for drivers to shift gears.
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Volvo sales continue rise in Europe
Business & Money: 15 Jun 10
Swedish carmaker Volvo is continuing to triumph in the European car market. In May, the company increased sales by 18.6 percent while the overall market shrank.
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Olofsson happy with Geely Volvo assurances
Business & Money: 21 May 10
Sweden's enterprise minister Maud Olofsson has discussed the Volvo-Geely deal with senior Chinese management and received confirmation that the firm plans to retain its Swedish connection and maintain production in the country.
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Volvo mulls recall over engine problem
Business & Money: 4 May 10
Swedish car maker Volvo warned customers on Monday that it was considering a recall of eight models after the discovery of an engine problem that could cause their cars to suddenly accelerate.
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Geely reveals Volvo China production plans
National: 1 May 10
Chinese car maker Geely plans to begin production in China of Volvo S60 cars and XC90 SUVs once it completes the purchase of the Swedish brand from US auto giant Ford, a top Geely Automobile executive has revealed.
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Geely comments raise doubts over Volvo buy
Business & Money: 13 Apr 10
Geely CEO Gui Sengyue has once again caused ripples of concern in Sweden after comments indicating a less independent role for Volvo within the Chinese firm.
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Geely sets Volvo sights on Chinese luxury market
National: 31 Mar 10
Geely aims to use Volvo to crack China's fast-growing luxury car market by using its access to the Swedish firm's cutting-edge technology to vault into global contention, analysts say.
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Geely pledges major Volvo capital boost
Business & Money: 30 Mar 10
Chinese car maker Zhejiang Geely Holding has vowed to pump an extra $900 million dollars into Volvo Cars on top of the $1.8 billion purchase price in a bid to revive the Swedish brand's flagging fortunes.
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Geely's Volvo buy signals new world order: Swedish media
Analysis & Opinion: 29 Mar 10
Chinese carmaker Geely's deal to buy Sweden's iconic Volvo brand offers a glimpse of a new world order clearly headed up by China, Swedish editorials said on Monday.
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Geely to harness Swedish 'tiger' Volvo
Business & Money: 29 Mar 10
Likening Volvo to a caged beast, Chinese car maker Geely pledged on Sunday to 'liberate the tiger' onto the Asian powerhouse's burgeoning auto market after it signed a deal to acquire the brand from Ford.
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Volvo sold to China's Geely
National: 28 Mar 10
Chinese car maker Zhejiang Geely Holding has signed a deal to buy Sweden's Volvo Cars from US auto maker Ford.
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Volvo unions on board as deal looms
National: 28 Mar 10
The takeover of Volvo by Zhejiang Geely Holding looks set to go ahead on Sunday as unions linked to the Swedish car maker agreed to the Chinese company's purchase.
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Chinese VP to Stockholm for Geely-Volvo deal
National: 27 Mar 10
Chinese Vice President Xi Jinping is due in Stockholm on Saturday for a four-day visit, reinforcing expectations that Chinese carmaker Geely will soon formalise the purchase of Swedish brand Volvo from US Ford.
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Geely closes in on Volvo takeover
Business & Money: 24 Mar 10
Chinese Geely representatives will arrive in Sweden over the weekend to complete the $1.8 billion purchase of Volvo Cars from Ford, on either Sunday or Monday, according to media reports.
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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.
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'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.
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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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