Tag: Geely

By on July 21, 2017

lotus evora gt430

With the Evora getting on in years and Lotus Cars under new ownership thanks to China’s Geely, it’s just a matter of time before the swift little sports coupe is replaced with something fresh and exciting. That means it’s time for the automaker to roll out special editions of its old models. However, it could be argued the company’s low production volume makes every Lotus Evora special — thus making the new GT430 variant extra special, as its assembly tops off at 60 vehicles.

Like the Evora 400 and Sport 410, the GT’s numeric moniker denotes its horsepower rating of 430 claimed units. The manufacturer states the GT430 uses the same Toyota-sourced 3.5-liter supercharged V6, but with vastly improved cooling. While 20 prancing ponies doesn’t sound like a game changer, the upgraded Lotus is about 300 pounds lighter than the Evora 400 and 57 pounds less than the 410 — all due to a svelte suspension and plenty of carbon fiber.  (Read More…)

By on July 5, 2017

2018 Volvo XC60, Image: Volvo Cars

Volvo has been pushing “non-traditional” powertrains for a while. The company, encouraged heavily by its Chinese owner, has already begun moving toward limiting engine options in the very near future while focusing heavily on electrification. In 2014, the brand said all of its cars would be offered with a plug-in hybrid variant to supplement purely gas-powered models. Now it’s taking things further, setting a definitive timeline for the shift and stating that every new model after 2019 will be a hybrid or purely battery-driven vehicle.

“This announcement marks the end of the solely combustion engine-powered car,” Volvo CEO Håkan Samuelsson explained in an official statement on Wednesday. “Volvo Cars has stated that it plans to have sold a total of 1 million electrified cars by 2025. When we said it we meant it. This is how we are going to do it.”  (Read More…)

By on June 26, 2017

2016 Lotus Evora 400

Iconic British sportscar manufacturer Lotus may find a portion of its future production shifted to China under the ownership of its new parent company, Geely. Chinese billionaire and Geely chairman Li Shufu confirmed the possibility of some assembly taking place outside the United Kingdom during a press conference following the signing of the deal.

While this could stir outrage in some traditionalists, the Chinese company hasn’t mucked up things with Volvo yet and appears willing to apply a similar hands-off approach to the management of Lotus Cars.  (Read More…)

By on June 12, 2017

Volvo S60 and V60 Polestar

Despite being Volvo Cars’ official performance arm since 2015, Polestar has always felt like a separate entity. Its current offerings for the North American market are limited to amped up versions of the S60 and V60 — distinctive in personality and produced in extremely limited quantities. However, Volvo’s parent company Geely wants to make a change, converting Polestar into its own global performance brand focusing on, get this, electric cars.

Apparently, Geely wants Polestar’s future role to mimic Mercedes’ AMG by having it continue to produce modified Volvos while also honing in on exclusive models singularly fixated on performance. However, if many of those are intended to be EVs, questions must be raised as to how things might change at Volvo.  (Read More…)

By on April 19, 2017

lynk-and-co-model-02

Unlike the majority of Chinese automakers looking to the West, Lynk & Co seemed well-poised to bring a physical product to America — even though it had a share-based business model and a distribution plan that seemed counterintuitive. However, Zhejiang Geely Holding Group has announced that it is delaying Lynk & Co’s product launch for Europe and the United States.

The reasoning behind the stall revolves around that unconventional distribution model, which initially involves online ordering and at-home deliveries. Zhejiang Geely now feels that Lynk needs more time to cultivate a company-owned dealership network.  (Read More…)

By on April 19, 2017

saic-motor-mg-crossover

SAIC Motor, China’s largest state-owned automotive manufacturer, is canceling its plans to export vehicles into North America. Likely fearful of the current administration’s trade proposals, SAIC is blaming President Donald Trump for its hesitation to enter the Western market.

Of course, the Chinese automaker isn’t ruling anything out entirely. Michael Yang, the executive director of SAIC’s international division, explained at the Shanghai motor show that the company might resume its plans for U.S. expansion once trade tensions ease between the two countries. As the Trump administration hasn’t exactly celebrated the idea of imported goods and foreign manufacturing, it could be a long wait. In the meantime, SAIC Motor will be focusing its efforts on the European market.  (Read More…)

By on February 21, 2017

2016 Lotus Evora 400

There’s a battle brewing between France and China over a famous Malaysian-owned British automaker. Who said globalization was in danger?

Geely, Volvo’s Chinese parent company, is in talks to buy Proton, the Malaysian owner of the famed Lotus brand, the Financial Times reports. Proton’s not doing well these days, all thanks to an influx of affordable imports that has eroded its domestic market share. To reach its goal, Geely must first stave off stiff competition from Europe.

France’s PSA Group, maker of Peugeot and Citroën (and potential future owner of Opel and Vauxhall), also wants to get its hands on Proton. However, it looks like the competing automakers want different things from the deal. (Read More…)

By on December 20, 2016

volvo emblem logo grille

Volvo has only recently started exhuming itself from its post-recession sales hole and pushing its disastrous fling with Ford into the past. Turning a corner, the company has sold over 470,000 cars so far this year, aided largely by the successes of its XC90 SUV. Operating earnings having tripled in the first half of this year.

Now, the company has raised 5 billion Swedish crowns — $532 million — from the sale of newly-issued preference shares to a group of Swedish institutional investors.

All signs point to a confident company that wants back into the stock market. (Read More…)

By on November 2, 2016

Mustang GT4 front

Ford is offering a new turnkey GT4 series racecar, meaning ‘Stang owners can now race on a track instead of just strip mall parking lots.

That, Volvo is moving S90 production east, a Texas woman is suing Honda and Takata for almost fatally spraying her with bits of her own car, and Mopar is letting you refresh old cars with new Hemis with a lot less hassle… after the break! 

(Read More…)

By on October 20, 2016

lynk 01

New car brands don’t come around every day, and when they do, they never launch with a real, honest-to-God, physical car at the ready. I should say “almost never,” as Chinese automaker Geely’s collaboration with Volvo has already yielded automotive fruit.

That comes as a relief after the company told us to “think beyond the car.” Sure, Lynk & Co’s marketing hype is still omnipresent, but now there is something tangible to attach it to. (Read More…)

By on October 14, 2016

lynk

Forget Chevrolet’s cringe-inducing launch of the first-generation Spark — this could be the biggest hipster Millennial marketing/branding effort to date.

Naturally, it’s for an affordable car brand, but with a difference: this brand is completely new and its products have yet to be revealed. Lynk & Co, a new subsidiary of Volvo parent company Geely, launches on October 20, Reuters reports, and it’s clear it wants to be every free-spirited young adult’s first car. (Read More…)

By on December 18, 2015

Miller Motorsports Park Circa May 2008

A Utah judge has blocked the sale of Miller Motorsports Park to a Chinese investment firm because county commissioners may have illegally lowered the price to below fair-market value, KSL reported Thursday.

In a filing, Judge Robert Atkins said Tooele county officials tasked with selling the shuttered racetrack ignored higher bids to sell the racetrack for $20 million to Geely-backed Mitime Investment and Development Group. According to the report, county tax officials estimated the value of the track at $28.1 million.

A competing bidder, Center Point Management, said it offered $22.5 million for the park. The Wyoming-based company filed a lawsuit to stop the sale because they said county officials ignored their bid based on unverified promises by the Chinese group. (Read More…)

By on October 13, 2015

2013-volvo-v40. Photo courtesy Volvo

Automotive News Europe reported that Volvo will offer a new compact crossover, based on a new architecture, in 2018 that will likely be called the XC40.

The crossover will be built in Ghent, Belgium and possibly in China, using the same platform being developed for compact cars in Europe.

The crossover will get Volvo power plants that include a hybrid variant. It would also likely get some sort of semi-autonomous driving feature as the Swedish automaker further develops its technology.

(Read More…)

By on September 12, 2015

Miller Motorsports Park Circa May 2008

Miller Motorsport Park is going to be caught up in a Chinese finger trap of lawsuits thanks to one butthurt losing bidder.

Center Point Management, represented by Andrew Cartwright, is taking the winner — Geely subsidiary Mitime — and Tooele County to court over the bidding process.

According to Deseret News, the lawsuit filed by Center Point Management states the county broke local and state laws by “basing its decision on future benefits of uncertain value” instead of Center Point Management’s higher bid amount.

(Read More…)

By on August 20, 2015

Miller Motorsports Park Circa May 2008

Miller Motorsports Park in Tooele, Utah (about 45 minutes outside of Salt Lake City) has a new lease on life, Hot Rod is reporting. The racetrack will be purchased by Chinese carmaker Geely and renamed Utah Motorsports Campus. The facility could receive $50 million in upgrades to host more racing events in the future.

The track had been on the ropes after the Miller family, who took over after patriarch Larry H. Miller died in 2009, said they weren’t renewing the lease and walking away from the world-class racetrack.  (Read More…)

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