Volvo styling chief Peter Horbury moves to Geely

Peter Horbury, the styling boss at Volvo Car Corp., is transferring to the Swedish vehicle manufacturer's sister brand, Geely Group, to serve as senior vice president design. The... Read more

Volvo owner Geely denies report that it wants to acquire Saab

China-based Geely Automobile denied a media report from Sweden that it wants to acquire Saab. Geely’s parent company is Zhejiang Geely Holding Group Co., the owner of Volvo Cars since... Read more

Geely to build Volvo cars in southwest China by 2013

Reuters’ sources said that Volvo plans to make cars in Chengdu, China, where there is a huge market for luxury cars. This site is near Ford Motor Co.'s plant in Chongqing where Volvo... Read more

Geely wants to become a top 500 company, says president Yang Jian

Geely continues to be very optimistic as after having completed the Volvo takeover, it now aims for goals that have been set higher than ever before. For instance, the Geely group seeks... Read more

Volvo has no plans to develop low-cost model for Chinese market

Volvo Cars doesn’t plan on producing a low-cost model that’s designed specifically for the Chinese market, CEO Stefan Jacoby told Austrian newspaper Salzburger Nachtrichten. Volvo Cars,... Read more

Volvo to hire 200 more workers for Gothenburg plant in 1st quarter of 2011

Volvo Cars will be expanding its workforce in Gothenburg, Sweden, through March in order to cope with an anticipated increase in demand, according to spokesman Per-Ake Froberg. Volvo will... Read more

China’s demand growth to outweigh impact of end of tax breaks

Carmakers, including General Motors Co., Geely Automobile Holdings Ltd. and BYD Co., said that the rising demand for cars in China will overshadow the impact from the end of tax... Read more

Volvo and Geely are in talks over new plants in China

Geely and Volvo are talking about raising the production of Volvo vehicles in China. Geely wants to construct three new plants in China and to expand Volvo sales to 300,000 cars annually.... Read more

Geely sets annual sales target of 2 million units by 2015

Geely Automobile Holdings aims to boost annual sales to 2 million units by 2015, and to double its market share in China, to 5.8%, according to Liu Jinliang, the group's vice president... Read more

Volvo changes strategy, rethinks ‘premium’ image

As Volvo re-evaluates its product plan, it has chosen to follow a new strategy where it will not aim to be considered “premium” but will instead, focus on its own unique identity,... Read more

Geely could build an assembly plant in Turkey

Anadolu Group, a Turkish auto dealer, has outlined its proposal to the Zhejiang Geely Holding Group Co. to set up an assembly plant to build Geely-brand cars in Turkey. A Geely spokesman... Read more

Geely interested in buying Opel’s Antwerp factory

As you may know already, yesterday we told you that GM will shut its plant in Antwerp, Belgium due to the fact that it didn’t find any buyer. Today, a news agency reported that China's... Read more

Geely to phase out the Geely car brand by the end of 2011

By the end of 2011, Zhejiang Geely Holding Group Co. (new Volvo owner) will phase out the Geely car brand as part of efforts to strengthen its other three brands.

However, Geely will be... Read more

Geely wants to build three Volvo plants in China

In China, Zhejiang Geely Holding Group may build up to three plants to produce Volvo cars. Just last month, Zhejiang Geely, parent of Geely Automobile Holdings, completed its purchase of... Read more

Geely a.k.a. Volvo bidder wants to buy Chinese maker to expand its product portfolio

Zhejiang Geely Holding Group, the parent company of Geely Automobile Holdings Ltd., wants to expand its product portfolio further and has set its sights on purchasing Chinese special... Read more

Geely chairman expects to complete Volvo deal, despite it had hit a snag

Despite reports that the negotiations for Zhejiang Geely Holding Group to buy Ford Motor Co. Volvo unit had hit a snag, Geely Chairman Li Shufu still expects to complete the deal,... Read more

Geely and Ford still on track to sign a deal this month for Volvo

Earlier this month, a Chinese newspaper had reported that a deal for Zhejiang Geely Holding, China's largest privately owned carmaker, to buy Ford Motor Co. Volvo cars unit is unclear. To... Read more

Geely has yet to sign an agreement in its bid for Volvo

Zhejiang Geely Holding Group, the parent of China's Geely Automobile Holdings, provided an update on its plan to purchase Ford Motor Co.'s Volvo unit. Company chairman Li Shufu asserted... Read more

Geely will produce up to 300,000 Volvo cars a year

With a 2011 break-even target, China's Zhejiang Geely Holdings will produce up to 300,000 Volvo cars a year at a new factory in Beijing, according to a source. A document submitted to... Read more

Geely aims to complete the acquisition of Volvo in early 2010

Zhejiang Geely Holding Group is doing what it can to conclude the acquisition of Ford Motor Co.'s Volvo unit in early 2010, according to Reuters who declined to name its sources. In fact,... Read more

Geely’s management team in Sweden to discuss the bid for Volvo

Things are looking even better for Zhejiang Geely Holding Group, the parent of Geely Automobile, to be given the right to acquire Ford Motor Co.'s Volvo car brand. Members of Geely's... Read more

Geely is FoMoCo’s preferred bidder to purchase Volvo

More detailed negotiations will soon start between Ford Motor Co. and Chinese automaker Geely Group Holding Co. over the bidding to purchase Volvo Car Corp. In a statement, Ford Chief... Read more

Geely plans to launch up to three new luxury Volvo models

Within only four years of having taken over Volvo from Ford, Geely plans to launch up to three new luxury models, according to company sources. The Zhejiang Geely Holding Group, which is... Read more

Geely’s attempt to buy Volvo in danger of stalling over intellectual property disagreements

Due to conflicts over intellectual property rights, Geely Holding's attempt to buy Ford Motor Co.'s Volvo car unit is in danger of stalling, according to an unnamed source. Since the... Read more

Geely seeking at least $1 billion in loans from Chinese banks for Volvo deal

At least three major Chinese banks have Geely back as it pursues its bid for Ford Motor Co. Volvo unit. Geely has already been named the preferred bidder but for the agreement to proceed,... Read more

Official: Ford completes the sale of Volvo to Geely

Ford announced today that it has completed the sale of its Volvo car unit to China's Zhejiang Geely Holding Group for $1.8 billion. Also, Geely announced that Stefan Jacoby, CEO of... Read more

Ford expects to sign an agreement to sell Volvo to Geely by early 2010

Ford Motor Co. expects that in the first quarter of 2010, it will be signing an agreement to sell its Volvo car unit to China's Zhejiang Geely Holding Group. By the second quarter, Ford... Read more

Geely is the leading contender to takeover Volvo

Chinese manufacturer Geely is inching its way to take over Volvo from Ford and a report in the Wall Street Journal is saying that in fact, it has emerged as the leading contender. Geely's... Read more

Geely denies interest in Saab and Volvo

Geely, the Chinese automaker, once more denied reports that it has any plan of acquiring Saab or Volvo. Geely made a definite statement at the Hong Kong stock exchange saying that they... Read more

Geely says the GE is not a Phantom copy… Say what?

The British accused the independent Chinese carmaker Geely Automobile with what they call an imitation of their Rolls-Royce Phantom at the Shanghai Motor Show. Geely says that both cars... Read more