Tag: Geely

By on August 29, 2014

Volvo-XC90-2015-119

By 2019, the face of Volvo will change as the Sino-Swedish automaker begins restructuring its offerings, with the new XC90 leading the way.

(Read More…)

By on August 27, 2014

volvo-xc-classic-china-2-660x505

If you like your Volvo XC90, you can keep it – as long as you live in China.

(Read More…)

By on March 7, 2014

2015 Volvo V60 T5 Sport Wagon Exterior-005

Volvo, with parent company Geely, is developing a lineup of premium A-segment vehicles aimed at the BMW 1 Series and Mercedes A-Class.

(Read More…)

By on January 28, 2014

Geely GT

In an effort to sell their wares to Western markets, Geely and their subsidiary Volvo have teamed up to build a subcompact global car aimed at offerings from Ford, Honda et al.

(Read More…)

By on January 17, 2014

volvo

Hakan Samuelsson, CEO of Volvo Car Corp. told the Automotive News World Congress that Chinese built Volvos will be exported “fairly quickly” to the U.S. market. Samuelsson wouldn’t say exactly when but he did say that because of Volvo’s Chinese ownership the company is in a unique position to use China as an export base.  Zhejiang Geely Holding Group purchased Volvo from Ford Motor Co. in 2010. (Read More…)

By on August 27, 2013
GeelyLiShufu660

Geely founder and chairman, Li Shufu

Last week we reported the Geely and Volvo, which is owned by the Chinese car company, will be jointly developing cars and there was speculation if those cars would be sold in America. Now Bloomberg reports that some of those cars will indeed be exported to the United States. That would achieve the goal of Geely chairman Li Shufu that he set when Geely first showed product at the 2006 NAIAS in Detroit. At the same time, Volvo dealers in the U.S. and the company’s American sales unit have been trying to get more Swedish made Volvos shipped here.

Gui Shengyue, current CEO of Geely, said in an interview last week, “Our acquisition of Volvo enhanced our image and overseas consumers are seeing us as an international company. Our deliveries in U.S. and Europe will be banking on those jointly developed models.” (Read More…)

By on August 23, 2013
Pilot production begins at Volvo's Chengdu plant in China

Pilot production begins at Volvo’s Chengdu plant in China

Geely Automobile Holdings Ltd., owned by the same Chinese company that bought Volvo Cars in 2010, announced that it will soon start developing cars jointly with the Swedish company. The cars will be intended for the Chinese and export markets and will go on sale in 2015. Geely has ambitions to be China’s largest car exporter. Working jointly with Volvo is seen as giving Geely products some of Volvo’s reputation for safety and reliability.

“We have entered into actual research and development stage and I believe we can see the new product in the year after next,” said Geely Chief Executive Officer Gui Sheng Yue yesterday in Hong Kong.

Zhejiang Geely Holding Group Co., bought Volvo from Ford for $1.8 billion and last year the two companies signed a memorandum to “leverage its full access” to technology to develop vehicles. Earlier this year, Volvo announced that it was going to build a joint R&D center with Geely in Gothenburg. Volvo has also started assembling test builds at its first factory in China, in Chengdu, which will have an annual capacity of 120,000 cars.

Volvo Cars also announced today that it has received approval from the Chinese national government to build two more factories in China. The assembly plant in Daqing, in northeast China, will have a capacity of 80,000 units a year and is hoped to be fully operational some time next year. The facility in Zhangjiakou will be an engine plant and it will supply the Chengdu assembly operation where actual production will begin in Q4 2013. The two assembly plants are not expected to reach capacity for a few years.

By on June 4, 2013

Man walks past a Volvo advertisement in Beijing 

Volvo’s global sales are on a downward trajectory. The Geely-owned Swedish marker saw its 2012 global sales drop 6%. In the first four months of the year, sales were down 6.4 percent. Two new factories in China are supposed to bring the turn-around, a feature in Reuters says. (Read More…)

By on May 9, 2013

67021b4cc2ab25d9c195f1bd6af4400f45a8f153

An editor that I know once said something about disappearing into a rabbit hole when you start to read about an automotive topic. You never know where you’ll come out minutes, hours or even days later. Doug DeMuro’s post where he ranked vehicles used as taxicabs elicited a thread of comments about London’s signature black taxis. While some of our more curmudgeonly readers think it’s rather arrogant of TTAC to call our site’s commenters the Best & Brightest (anyone besides me see the irony there?), we do have a well informed readership so I wasn’t surprised to see Geely mentioned as the owner of Manganese Bronze Holdings, who make the distinctive London hacks. The mention of the London cabs, though, pricked my memory. I had recently read that someone else, another company, made London taxis besides Manganese. Then I just had to remember who it was.

(Read More…)

By on April 26, 2013

Earlier this month, when Detroit Electric revealed their first car, the Lotus based SP:01, the EV startup’s CEO, Albert Tam, said that the battery powered sports car is only the first of three cars that Detroit Electric will be introducing over the next year or so. Only 999 of the carbon fiber bodied SP:01 will be made but Tam said that next year Detroit Electric will be introducing two more mass market cars, a sedan and hatchback. Tam said that those cars will have Detroit Electric specific styling and interiors but will be based on gliders sourced from an existing auto manufacturer with final assembly being done in Michigan. At the time of the SP:01 reveal, Detroit Electric executives said that the vendor whose platform they’d be using was “in Asia”. They company also said that an announcement of a strategic partner would be made at the Shanghai Auto Show. I assumed that partner would be Chinese and that Detroit Electric would be announcing who their platform vendor for the sedan and hatchback would be. I was half correct.

(Read More…)

Recent Comments

New Car Research

Get a Free Dealer Quote

Staff

  • Contributing Writers

  • Jack Baruth, United States
  • Brendan McAleer, Canada
  • Marcelo De Vasconcellos, Brazil
  • Vojta Dobes, Czech Republic
  • Matthias Gasnier, Australia
  • W. Christian 'Mental' Ward, Abu Dhabi
  • Mark Stevenson, Canada
  • Cameron Aubernon, United States
  • J Emerson, United States