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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...

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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...


Volvo sale to Geely hits snag
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Volvo sale to Geely hits snag

Zhejiang Geely Holding Group Chairman Li Shufu said that talks with Ford about the purchase of Volvo has hit a snag. The problems are on the Ford side but the sale is still expected to be completed. "We're ready to seal the deal, the situation was changing constantly and the negotiation process very tough" said Li. "If the deal fails, the problem is not on our side...


Geely secures cash to purchase Volvo from Ford
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Geely secures cash to purchase Volvo from Ford

A report published in Swedish business daily Dagens Industri, says the parent company of China's Geely Automobile Holdings, Zhejiang Geely Holding Group (ZGH), has secured the cash it requires to finalise the purchase of Volvo Cars from Ford Motor Company. The report, citing sources, said the 15 billion Swedish crowns (AUD$2...


Geely Volvo deal still in progress
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Geely Volvo deal still in progress

Swedish vehicle manufacturer Volvo was suppose to have been sold to China's Geely Automobile Holdings last month, but the Chinese company is still to sign an agreement with Ford Motor Co. Despite previously suggesting the deal would be complete by end of February, Zhejiang Geely Holding Group says work is still on track for the agreement, even though an official agreement has not been signed to date...


Geely to keep Volvo a separate entity
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Geely to keep Volvo a separate entity

The new owners of Volvo, Chinese manufacturer Geely want to keep Volvo a separate entity in order to protect the Swedish manufacturer's image in the European and North American markets as well as China. “We want to be careful not to damage the Volvo brand,” Freeman Shen, Geely’s vice president for international operations said...


Ford, Geely deal on Volvo sale expected on February 8
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Ford, Geely deal on Volvo sale expected on February 8

Reports from within China suggest a deal between Ford Motor Co and Zhejiang Geely Holding Group Co over the sale of Volvo could be signed on February 8. The Hangzhou-based Geely is expected to pay between $1.7 billion to $2.2 billion for the embattled Swedish manufacturer, more than $5 billion less than Ford bought it for in 1999...


Ford phasing out four- & five-speed automatic transmissions, impact on local supplier minimal
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Ford phasing out four- & five-speed automatic transmissions, impact on local supplier minimal

Ford Australia is running out the four-speed and five-speed automatic transmissions fitted to its locally made Falcon and Territory and replacing them with an internally sourced six-speed unit. The new six-speed – different to the German-manufactured ZF currently used by Ford – is expected to appear in the diesel Territory and four-cylinder EcoBoost Falcon from next year...