li shufu

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, ...

Volvo has chosen former Volkswagen designer Thomas Ingenlath to replace Peter Horbury as the head of the Swedish brand's design department, the latter having moved up the ladder to oversee design work at Volvo's corporate parent, Geely. Ingenlath was with the VW Group for 20 years and did stints ...

Just days after Geely purchased Volvo from Ford, the Chinese automaker's chairman, Li Shufu, proclaimed that the Swedish automaker needed a 7 Series fighter. Shufu's idea makes a lot of sense, at least in the large car-loving China market, where Volvo leadership wants to push a lot more metal. ...

Geely isn't wasting any time in shaping up its newest acquisition's product line. The Chinese automaker officially completed its deal to purchase Volvo from Ford earlier this week, and already the Swedish brand's new chairman is making ...

Where have all the mavericks gone? When he hands in his office keys a few days from now, General Motors Vice Chairman Bob Lutz will begin an oft-delayed retirement that was originally set to begin shortly after the ill-fated "merger of equals" between Daimler and Chrysler. His decision to rejoin ...

Prior to Ford Motor Company's statement that it had agreed in principal to sell Volvo to China's Geely, some former Volvo executives wrote a letter to Bill Ford voicing their collective concern with the deal. The former execs felt Geely didn't have the cash or products to keep Volvo competitive and ...

According to the Chinese auto newshounds over at Gasgoo, Geely has denied it has any interest in buying Volvo or Saab. The Swedish patients, being shopped by Ford Motor Company and General Motors, respectively, are still up for sale, however.As the story goes, Geely chairman Li Shufu has been cited ...

Li Shufu, the chairman of Geely Automobile, has decided to put on hold his plans to export a Chinese produced vehicle to the United States by 2008 that would start at $10,000. The reason? According to AutoWeek, it sounds like Shufu doesn't think his Chinese domestic cars can hack it in the U.S. on ...