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Geely, with Volvo's help, plans to grow into a global auto giant

Founded in 1986 as maker of refrigerator parts, Geely now sells 2M cars per year

TAIZHOU, China/SHANGHAI (Reuters) - Chinese carmaker Geely plans to use a platform developed with input from Volvo to build new models in Malaysia for its partly owned Proton brand, a strategy that shows how it aims to accelerate its push to become China's first global auto giant. The yet-to-be-finalised plans for Proton are just one strand of a Geely project to revamp factories at home and abroad using joint platforms it has been perfecting with Volvo since 2013. Geely bought the Swedish bran

Official
Geely's Volvo Cars lays off 1,300 in Sweden as coronavirus slump takes hold

Volvo needs cash in the crisis, just like everybody else

Volvo Car Group, owned by China's Geely Holding, said on Wednesday it was giving notice of redundancy to 1,300 white-collar workers in Sweden as the impact from the pandemic raised the urgency of lowering structural costs. The carmaker, which has 24,000 staff in Sweden excluding some 2,000 consultants, said in a statement the measures also included a continued review and reduction of consultancy contracts but would not affect its manufacturing operations. CEO Hakan Samuelsson said the coronavi

Video
Volvo XC60 safety demonstration goes awry

Driver Thought Car Had Pedestrian-Detection System; It Didn't

A Volvo salesperson recently attempted to demonstrate the XC60 City Safety system to a group of prospective car buyers. What the dealer didn't understand was the safety system, which helps avoid or mitigate collisions, doesn't detect pedestrians.

Official
2015 Volvo Ocean Race XC60 priced from $42,100*

Every three years, a half dozen or so teams of sailors embark on an epic eight-month, round-the-world sailboat race formerly called the Whitbread Round the World Race and known since 2001 as the Volvo Ocean Race. This year's event started a month ago in Alicante, Spain, and will end next June at the Swedish automaker's hometown of Gothenburg. And to mark the occasion, just as it has in years past, Volvo has launched a special edition of one of its ro

Report
12-year-old golfer wins Volvo for hole-in-one [w/video]

Some people just have all of the luck. Natasha Oon, a 12-year-old girl in Malaysia, was recently attending the 40th RSGC Ladies Amateur Open Championship at the Royal Selangor Golf Club with her parents. On a whim, she teed up a shot with her eight iron and scored a hole-in-one. That would have been impressive for a girl her age by any standards, but she didn't see the sign that said making the shot also won her a new Volvo XC60 T5. Not a bad pr

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