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0Study: China still 10 years away from globally competitive car company 1361827740
It may be a spell before Chinese automakers are capable of turning out a globally competitive vehicle. That's the findings of a sprawling 200 page report by Bernstein Research. The group went through the trouble of purchasing two Chinese-made cars, importing them to Europe and disassembling them ...
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Report: London Black Taxi manufacturer sold to China's Geely 1359985500
Geely, the Chinese company that also owns Volvo, now owns Manganese Bronze Holdings (MBH), makers of London's Black Cab. MBH went into administration late last year, and some had looked to Geely to rescue the company in which it had a 19.7-percent equity stake. Although it's taken three months to ...
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Report: Volvo agrees to transfer tech to new parent Geely 1355268660
Following the acquisition of Volvo by China's Zhejiang Geely Holding Group in 2010, we definitely saw this news coming. The two companies have signed an agreement that will give Chinese automaker Geely access to key technologies developed by Volvo, and in turn, the deal could help the Swedish ...
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Rumormill: Boardroom battles may be hurting Jacoby's bid to turn Volvo around 1349445600
Escalating tensions between Volvo CEO Stefan Jacoby and Volvo Vice Chairman Hans-Olov Olsson may be working against the Swedish brand's stated goals of regaining lost European market share, as well as remaining relevant as a luxury brand on the world stage. Reports indicate that Jacoby and ...
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Report: Volvo CEO Jacoby suffers mild stroke, takes leave 1348492440
Reuters reports that Stefan Jacoby, CEO of Volvo, has suffered a mild stroke. It happened last week, and although Jacoby says he has limited movement in the extremities on his right side, he says he's already begun improving. Jacoby, 54, is "under medical supervision" and will be on sick leave ...
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Report: Chinese automakers hope to boost exports 1337086620
We've heard for years that Chinese automakers hoped one day to export their wares to the United States. Ironically, the global economic slowdown could be what gives the Chinese incentive to finally make it happen. Chinese automakers ramped up production capacity to meet surging demand at home ...
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Report: Geely announces $11 billion investment in Volvo 1333980000
Volvo is poised to rapidly inflate its presence in China, and it believes the way forward is through an $11 billion spending plan. "We want to revive Volvo and give the brand its strength back," says Li Shufu, Chairman of Geely Automobile Holdings. Speaking with German magazine Wirtschafts Woche, ...
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Rumormill: Volvo bidding for (parts of) Saab 1330099140
Volvo is reportedly interesting in getting out its checkbook in search of a production parts bargain over at Saab. No, the 9-5 likely won't be wearing a Volvo badge any time soon, but the tooling that helped build parts for the big sedan could one day be in a Volvo factory. SaabsUnited quotes an ...
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Report: Volvo designer Horbury headed to China with Geely 1320330480
When you think of designer Peter Horbury, Volvo follows logically. Soon, we'll all have to expand our thinking to leap from mention of Mr. Horbury to Chinese automaker (and Volvo owner) Geely. The well-regarded designer has been linked with Volvo for decades, and now he's reportedly adding styling ...
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Geely channels London's iconic taxi with Englong SC7-RV for Shanghai 1302903000
Chinese automaker Geely is part owner of Manganese Bronze, which makes the famous black taxi cabs for the UK and Chinese markets. But while a pricey cab makes sense for the UK, a high-dollar cab in China isn't always profitable. For that reason, Geely will introduce the Englong SC7-RV next week ...

