China's automakers finally poised to sell cars in U.S., Europe
"We have in the Western world an outrageous arrogance. We think we're ahead. It's going to change."
"We have in the Western world an outrageous arrogance. We think we're ahead. It's going to change."
Daimler told Geely it was still welcome to buy shares in the open market.
South Carolina plant will add another 2,500 workers to the 2,000 already being recruited.
But Geely says it could be a good move for other brands.
Volvo, Geely, and Lynk & Co. will share vehicle architecture and engine technology.
Look, up in the sky, it's a Volvo.
London Taxi Co. shows off a prototype of an electric TX5 with a range extender at UK's Goodwood Festival of Speed.
But it will still do performance upgrades.
Geely Holding will acquire a controlling interest in British sports car maker Lotus Cars.
Geely says it has plans to revitalize the Lotus brand.
Car sales will be concentrated in China.
Volvo, which is owned by China-based Zhejiang Geely, will produce its first all-electric vehicle in that country.
"Unfortunately you won't be able to buy it. Unless you're Batman. Then you have one already."
The Geely-owned company uses Volvo architecture.
Groupe PSA is the sole remaining bidder.
It's due to arrive at the end of the year.
Lotus has been owned by Proton since 1996.
No dealers, connectivity – it's definitely forward-looking.