GreenTech Automotive may have lost its founder, but it has renewed an integral growth strategy – partnerships with Chinese automakers.
Just about every time an automaker decides to sell one of its brands, Chinese automaker Geely comes up as one of the potential suitors. Geely executive Lawrence Ang has reportedly told Automotive News that the reason Geely has been present at a lot of negotiating tables is because it wants to grow in part through acquisitions. And while the Chinese automaker has yet to finalize any big-ticket buys, it appears to be the front-runner
Changan is coming to America, just not yet. Aiming to establish a base in Mexico with which to move into the U.S. market, the Chinese automaker signed a deal last year to build a plant south of the border. The familiar story of planetary financial catastrophe has encouraged Changan to tap the brakes on its plans, however.
Wang Chuanfu (above), the founder of Chinese battery manufacturer and automaker BYD is reportedly the richest man in all of China. Already a wealthy man, Bloomberg reports that Chuanfu has jumped a startling 102 places to land himself atop Hurun Rich List, an annual wealth index chronicling the country's richest people.
Emerging reports indicate that Ford is moving ahead with the sale of Volvo Cars with a determined push to find a new buyer around the middle of February. Although it's undoubtedly a bad time to be selling, Ford needs the cash on hand and a streamlined corporate structure in order to weather the current storm without going into debt.
While Geely's logo isn't exactly iconic (ha ha), it's not nearly as bad or imitative as some we've seen out of China. In fact, it reminds us a bit of the old Plymouth logo. Nevertheless, the Geely folks think they need a new one and they're asking you, yes you, to design a new one. They're
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 low cost alone. The move apparently prompted the removal of John Harmer, the former COO of Geely USA Inc., from his position, though Shufu has retained him as a consultant. Shufu's new plan is to cont