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Geely buys Terrafugia to make "flying car a reality"

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Geely buys Terrafugia to make "flying car a reality"

Zhejiang Geely Holding Group, parent of Chinese carmaker Geely, has acquired US-based flying car developer Terrafugia with the aim of bringing a proper flying car to life...

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Geely completes Lotus takeover
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Geely completes Lotus takeover

China’s largest privately-owned automotive group, Zhejiang Geely Holding Group (Geely Holding) has completed a takeover of British sports car marque, Lotus. Geely Holding now owns a majority stake of 51 per cent in Lotus Advance Technologies Sdn Bhd (Lotus) with a minority 49 per cent being held by Malaysia’s Etika Automotive...


Polestar electric sports car mooted - report
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Polestar electric sports car mooted - report

Volvo's performance arm Polestar might be considering its own electric sports car, separate from any of its Swedish parent company's models. According to a report from UK publication Evo, Polestar could be eyeing off somewhat of a split from Volvo, while taking advantage of parent company Geely’s recent purchase of the iconic Lotus brand...


China's Geely takes majority stake in Lotus, shares in Proton
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China's Geely takes majority stake in Lotus, shares in Proton

China's largest privately-owned automotive group, Zhejiang Geely Holding, has agreed to a deal that will hand it the majority stake in famed British sports-car brand Lotus. The Chinese group - which also owns Volvo Cars and the London Taxi Company - will also take a 49.9 per cent share in Lotus' current parent, Malaysian company Proton...


CarAdvice News Desk: The weekly wrap for February 24, 2017
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CarAdvice News Desk: The weekly wrap for February 24, 2017

Welcome to the CarAdvice.com News Desk, a regular video wrap of the latest happenings in the automotive world and Australia's new-car market. Keeping you in the loop, Tegan Lawson presents a weekly video from the CarAdvice Garage, with everything you need to know about the week in news and reviews...


Lynk & Co 01 revealed: New Chinese SUV “the most connected car to date”
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Lynk & Co 01 revealed: New Chinese SUV “the most connected car to date”

The Lynk & Co 01 has been revealed, making it the first model to be born from the Compact Modular Architecture (CMA) project that Chinese car maker Geely has developed with its Swedish subsidiary, Volvo. Officially launched in Berlin overnight, the 01 is pitched as a premium offering to “address the needs and preferences of the new global and connected generation”...


Geely planning new Volvo-based brand: report
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Geely planning new Volvo-based brand: report

Chinese car maker Geely is reportedly planning to launch a new brand with a new architecture developed together with Volvo. After acquiring the Swedish car maker from Ford back in 2010, Geely went about re-establishing it as a luxury-focussed brand, leaving the Geely brand to tackle more mainstream markets...


Geely announces plan to cull traditional engines by 2020
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Geely announces plan to cull traditional engines by 2020

Chinese manufacturer Geely Automotive has announced that it plans to phase out conventional internal combustion engines by 2020, with the vision of a line-up purely consisting of hybrid, plug-in hybrid and pure electric vehicles. The Blue Geely Initiative, as it's known, was announced at the Guangzhou auto show overnight, and Geely says it will be implemented from 2016 to 2020...


Geely Bo Yue SUV revealed: Spied ‘NL-3’ drops camouflage
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Geely Bo Yue SUV revealed: Spied ‘NL-3’ drops camouflage

Chinese carmaker Geely, the new parent of Swedish favourite Volvo, has revealed its next-generation Bo Yue compact SUV ahead of an early 2016 market launch. The Bo Yue’s styling is the work of former Volvo and Ford designer Peter Horbury, entering as the first model to benefit from a full styling programme under the industry veteran’s guidance...


New London Taxi TX5 plug-in hybrid revealed, Australia on cards - UPDATED
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New London Taxi TX5 plug-in hybrid revealed, Australia on cards - UPDATED

The Chinese-owned London Taxi Company revealed its all-new TX5 black cab in the UK overnight, ahead of its global rollout from 2017 — including in Australia. The unveiling is timed to coincide with a UK meeting today between UK prime minister David Cameron and the Chinese premier, Xi Jinping...


Volvo, Geely gearing up for small-car development in Europe
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Volvo, Geely gearing up for small-car development in Europe

Geely’s China-Euro Vehicle Technology (CEVT), an R&D centre based in the Swedish homeland of subsidiary Volvo, is understood to have confirmed the beginning of advanced development for its new small-car program this week...


Geely commits £250 million : Major Chinese investment to develop 2017 London Taxi
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Geely commits £250 million : Major Chinese investment to develop 2017 London Taxi

Chinese corporation Geely will pump £250 million ($A475m) into a new development and assembly facility in England as it gears up for the next-generation London Black Cab due in 2017. The investment will cover a new purpose-built facility in the Ansty area of Coventry, close to the London Taxi Company’s existing factory...


Volvo V90 to become Swedish brand's flagship wagon, report claims
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Volvo V90 to become Swedish brand's flagship wagon, report claims

The Volvo Concept Estate revealed at the 2014 Geneva motor show reportedly points the way to a new flagship wagon model for the Swedish brand that will be known as the Volvo V90. German magazine AutoBild reports the new Volvo V90 flagship wagon is set to be uncovered in 2016, following the brand's expected launch of its all-new medium-sized V70 wagon in 2015...


Geely to sell cars co-developed with Volvo from 2015: report
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Geely to sell cars co-developed with Volvo from 2015: report

Chinese car maker Geely will start selling vehicles co-developed with Volvo from 2015, according to latest reports. Bloomberg reports Zhejiang Geely Holding Group Co. Ltd, which purchased Volvo from Ford for US$1.8 billion in 2010, is to begin selling cars jointly developed with the Swedish brand in its home market in two years...


Volvo factories to put on 1200 new employees
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Volvo factories to put on 1200 new employees

Volvo plans to hire 1200 new employees in its European factories, anticipating a good year ahead. The employees will predominately be hired in engineering and development sectors. Volvo boss Stefan Jacoby recently anticipated an increase in sales this year, saying the company is "switching the mode from defence to offence" on the marketing and sales approach...


Volvo to be built at three Chinese plants?
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Volvo to be built at three Chinese plants?

It's hard to know where your new car comes from these days. Although a certain brand may be European in its origin, it's likely that certain models aren't actually being built in Europe. This is the case with some German cars that come out of either the United States or South Africa...


Volvo losses to end by 4th quarter
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Volvo losses to end by 4th quarter

The once Ford owned Swedish manufacturer Volvo will soon be under the rule of the Chinese. Geely Automobile Holdings is expected to take over the struggling European company and reports today suggest it may be the right move for Volvo in the long run. The Chinese company, which has still to finalise the deal between Ford says Volvo may potentially end losses as early as the fourth quarter this year...


Geely, Ford deal complete says Volvo
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Geely, Ford deal complete says Volvo

China's largest privately operated vehicle manufacturer, Zhejiang Geely Holding Group, has agreed to acquire Volvo from Ford Motor Company for USD$1.8 billion (AUD$1.97), a Volvo spokesperson said overnight. The deal, which both Geely and Ford hope to finalise by Q3 this year, ends a process that began with Geely being named the preferred bidder for the Swedish brand back in October of last year...