This is the third part, for the first part click here!
The Global Eagle range is Geely’s range that they plan to sell on international markets (hence the global name) there were rumors circulating before that Geely were interested in taking…
Read More →Geely’s Emgrand brand came into being in early 2009 and was positioned to be Geely’s premium brand in a sea of mediocre cars, however Geely have seen some good sales in the past few months with their recent Emgrand sedans, especially…
Read More →With the Beijing Auto Show right upon us, we can always rely on Geely Auto to blow us away with a massive array of cars, this year is no different to last year with Geely planning to show an impressive 59 cars, ranging from the super small to the impressively big. Geely needs around two and half years to turn a concept into a production car, so its…
Read More →Geely have missed out the SUV sector which was a major growth area for their major rivals, Chery. Geely are now playing catch up in the SUV game, where as Chery are already leading on with 3 SUVs in the marketplace. Geely have to come up with something unique and different to play catch up with Chery, and it appears that their first SUV has been spotted…
Read More →It appears that CCT has actually turned into ‘Geely Times’ over the past few days with an explosion of Geely related topics, the latest Geely news story is regarding their newest SUV. Of course Geely has yet to produce an SUV, but…
Read More →Geely may have bought Volvo for a bargain 1.8 billion USD, a fraction of the price that Ford originally paid for it several years ago, but exactly have they bought? Well, CCT can reveal that Geely have come into quite a bit for the money that they have spent, they’ve gained a fantastic…
Read More →Ford and Geely have finally come to an agreement that will see the Sweedish brand, Volvo, sold to China’s Geely. Geely’s Chinese name, which in a literal sense means ‘Good luck’ has obviously helped the plucky Chinese automaker over the past decade, this good luck has culminated in the sale of one of the world most well known automotive companies to…
Read More →It seems the big man of the Chinese automobile world is likely in the air right now on his way to officially buy the Volvo unit from a beleagured Ford International that is just bouncing back from last years devastating economy. The Volvo purchase is likely to give Volvo a massive leap in terms of technology and power over its domestic Chinese rivals.
The
The deal between Ford and Geely to sell the troubled Volvo subsidiary is nearing completion with the deal expected to be wrapped up and in the bag by this Sunday at the latest.
The Financial Times has an excellent write up on what is happening so far:
Ford…
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Late last night it was announced that the UK’s famed LTI taxi making company had finally come under Chinese control. Previously the owners of LTI, Magneze Bronze set up a joint venture between Geely and LTI to start production of the famous black cab in the Chinese market place which would then have been exported to other Asian markets. Due to poor…
Read More →Last year Geely purchased DSI, one of the worlds largest gearbox manufacturers. Despite early issues with management walk outs and various other issues, Geely seem to have a firm grip on the company and plan on ramping up production at the gearbox plant.
Two Geely Automobile plants in Jining, Shandong Province and Xiangtan of Hunan Province…
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Various media outlets are reporting that Geely has officially got the funds needed to take over Volvo, the reported price tag being 2 billion USD, a far cry from the 6 billion that Ford originally bought Volvo for. Geely’s financing has reportedly come from government institutions as well as local banks that are all clearly behind Geely in its bid for…
Read More →Geely are betting heavily on their brand expansion, which will see them expand production capacity to an impressive 1.5 million vehicles by 2015 according to Asia Pulse.
Geely is more famous in China for its low priced vehicles, but they have plans to go further upmarket with mid level and premium cars for the Chinese market and as a result in early…
Read More →Geely, fresh from their DSI Transmission and Volvo purchases, have taken on yet another company. This…
Read More →Ford and Chang’an set up a JV to make Volvo cars in China a few years back, the JV is small but does produce the S40 sedan in China, and also assembles the S80 from knockdown kits for the domestic market (these are popular with astronauts)
From Reuters:
We…
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Geely has set up a subsidiary company in Beijing to control and manage its latest asset, Volvo. In 2009 Geely went on a massive buying spree which saw it snap up a large share in the British taxi maker, LTI, the Australian gearbox maker…
Read More →Reuters is currently reporting that the Volvo – Geely deal is going to see Geely build a Volvo plant near Beijing city where it will be able to pump out several thousand Volvo models per year for the Chinese market place, which is where Geely hopes to make the majority of its money back from the Volvo investment. However, the Chinese media are also…
Read More →We’ll be the first to admit that Geelys latest line of hatchbacks are vastly improved on the hatchbacks that Geely was pumping out en masse just a few years ago, the Geely King Kong hatchback was the first, now the GC5RV is set…
Read More →Since early 2009 we have constantly hear rumours that Geely are planning to take over Volvo from Ford, eventually in late 2009 the deal was announced; Geely would become Volvo’s new master. A final price hasn’t been announced, but it is expected to be somewhere in the range from 1.5 billion to 2 billion RMB, considerably less than the 6 billion USD…
Read More →Reuters had this interesting article on their website over the weekend:
HONG KONG (Reuters) – Now that Geely Automotive has won the bidding for Sweden’s Volvo car unit, China’s No. 1 private auto maker is making plans to set up a local production base, according to sources…
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As CCT has been predicting all along, Geely is planning to keep Volvo as an independent business which they will fill with cash to keep it going, although it is likely that Geely will be sending its engineers over to Sweden for an intensive study course in car engineering:
From Reuters:
China’s Geely would barely lay a finger on Ford…
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Ford have finally given Geely the green light to buy Volvo, basically telling us everything we knew months ago:
Reuters:
U.S. Ford Motor said in a statement on Wednesday it had agreed all substantial commercial terms in a deal to sell its Volvo Car Corporation unit to China’s Zhejiang Geely Holding Group, parent of Geely Auto.
“While…
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Geely doesn’t seem to understand that a name like EC825 is rather hard to remember, but then again any name they think up is likely to be rather ridiculous anyway, so perhaps it is best they stick to serial numbers.
The EC825…
Read More →According to Reuters:
SHANGHAI, Dec 17 (Reuters) – Zhejiang Geely Holding Group, a preferred bidder for Ford Motor’s (F.N) Volvo car unit, said on Thursday it had signed up Johnson Controls (JCI.N) as its global auto parts supplier.
Under the agreement,…
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Geely has reportedly reached an agreement with Ford on Volvo IPR, which has lead to further speculation and rumour-mongering in the Chinese press as how exactly Geely plan on buying Volvo.
The Chinese press are reporting that Geely several banks and private investors on its side. The biggest lenders are The Bank of China, China Construction and…
Read More →It was rumoured in early April that Geely were expecting to bid on Ford’s Volvo unit, but as time passed it looked Geely were the only company bidding for Volvo. In previous reports it looked like that a major stumbling block to Geely taking over Volvo weas the lack of access to Volvo’s IPR which was evidently going to be a problem for Geely as an upcoming…
Read More →The Geely Panda is the latest Panda to be taking to Panda diplomacy and will soon be on sale in Taiwan. Geely are reportedly planning to send Complete Knock Down kits (CKD) o Taiwan which will be assembled by Taiwan’s Yulong motorvehicle company.
Interestingly enough,…
Read More →Geely’s ambitious plans to take on the premium automotive brand Volvo from Ford seemed to have a strange twist this week, with Geely apparently planning to boost sales to an impressive 1 million units per year by 2013.
Geely is planning a new Volvo factory in China which will be able to produce 300,000 vehicles per year for the Chinese marketplace,…
Read More →So says Reuters:
SHANGHAI, Oct 29 (Reuters) – Geely Automobile (0175.HK), whose shares have soared as its parent’s bid for Ford’s ( Read More →
The Volvo-Geely saga is practically a year long drama, will it ever end? Perhaps the end is coming close with Ford announcing that Geely are the preferred bidder for the Sweedish car maker:
Zhejiang Geely Holding Group
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Co. Ltd., a privately-owned Chinese automotive company, today welcomed Ford Motor Company’s decision to name it as the…
Could the major obstacle to Ford selling Volvo to Geely be the issue of suppliers, who are threatening to stop supplying parts to Volvo should Geely become the new masters?
From Bloomberg:
Oct. 29 (Bloomberg) — Volvo Cars, Sweden’s third-largest…
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So says The Telegraph:
The chairman and founder of China’s biggest privately owned car firm is the self-styled Henry Ford of China.
Geely, alongside car makers such…
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As with Chery, Geely plan on marching into the premium segment with their own offerings from their own sub brands. Geelys effort is the Emgrand EC718 with a 1.8L engine, quite a step down from the Riich G5′s 2.0T effort. Pricing of the Emgrand…
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Geely are set to produce their first MPV, which they plan on…
Many eyes are watching any potential moves following reports of Chinese car maker Geely’s bid for Ford Motor’s Volvo unit. And a recent Goldman Sachs investment in Geely has prompted more market watchers to think that Geely could be serious…
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So sayeth Reuters:
SHANGHAI/HONG KONG (Reuters) – An investment arm of Goldman Sachs Group (GS.N) is in talks with China’s biggest privately-owned car maker Geely Automotive (0175.HK) to buy about $250 million of the company’s convertible bonds and warrants,…
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If you need the looks of a sports car, but don’t require the performance and can turn a blind eye to other road users (and homeless people) continuous mocking then perhaps the recently launched China Dragon is the car for you.
The China Dragon is an interesting enough design, the rear end is blocky, but the front end is low and swooping, it’s almost…
Read More →Geely is fast becoming a rising star on the international stage with talks of it buying out Volvo from Ford, and now Geely is holding talks with Magna on entering in on any potential Opel bid.
Magna is ready to sign a deal with GM which will make them a majority stake owner in the European brand, GM will remain a minority stake, the deal is set…
Read More →From Reuters:
HONG KONG, Sept 16 (Reuters) – Geely Automotive (0175.HK), the Chinese carmaker whose parent is eyeing Ford’s (F.N) Volvo unit, is set to raise capital through a bond issue in a move that may provide funding…
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Geely is expected to team up with a Chinese investment company to take on Volvo according to todays reports. Geely believes that it is currently too small as a company to spread itself into Europe, and will partner up with a Chinese investment firm that will be able to provide cash and management skills for Geely’s forthcoming Nordic adventure.
A…
Read More →This is a new rumor to us:
HONG KONG (MarketWatch) — Shares of Geely Automobile Holdings Ltd. rose Wednesday in Hong Kong trade, adding to a 3% gain the prior day, after reports its parent may be involved in a bid for Swedish car brand Volvo with the backing of a state-owned investment company.Geely Automobile Chief…
Read More →Geely’s latest brand, Eagle, is set to go global any time soon with the Panda leading the invasion and the below GX718 SUV following up behind.
The awkwardly named GX718 is actually Geely’s first attempt designing and producing their own SUV, the design is actually not that offensive to look at, but on the other…
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Geely launched their first EC718 Di Hao sedan earlier…
Geely’s first SUV is set to launch this year in October…
From a South African Paper:
A set of speed cameras in Johannesburg, South Africa accused a Geely automobile of reaching impossible speeds. On April 26, a camera on the N12 South flashed the Chinese import belonging to motorist Francisca Al-Halaseh near Canada Road Bridge. Just…
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So says TheWest.com.au
Two decades after pioneering the importation of Korean cars, 73-year-old WA car dealer John Hughes is about to try his hand with a Chinese brand.
In February, he will ship into Fremantle 500 of the Geely MK hatches and sedans, cars the size of a $22,000 Toyota Corolla that will sell for about $13,000.
They…
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We have a special sort of love reserved for the man, the legend, the Mr. Frank Zhao:
From The Economist:
AT A time when most carmakers are struggling to cope with the worst crisis the industry has experienced in living memory, the ambitions of Geely, China’s biggest privately owned car firm, are breathtaking. The company is simultaneously…
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The Chinese central government has finally given Geely…
Media reports in today’s Chinese automotive press suggest the Geely is planning to bid on Volvo for a mere 2 billion USD.
A Geely purchase of Volvo is set to change the face of the car making world forever, Geely a once backwater car maker would quickly propel itself onto the world stage, and would make a name for itself practically overnight, and…
Read More →Although Geely has a reputation of being a big player in the low end bargain bin segment of the market, they are in fact gearing up to be a world player. It is often said that Chery are expected to become the Chinese number 1 automotive maker, but news of Geely’s university that they set up a few years ago makes us think otherwise.
Read More →From gasgoo:
Shanghai, June 17 (Gasgoo.com) A completion ceremony for Geely Automobile Holdings’ acquisition of Australian automatic transmission supplier Drivetrain Systems International (DSI) was held on Monday in Melbourne, which…
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According to auto.sohu.com, Ford and Geely autos have already…
The Geely EC718/FE2 is to launch in the second half of this…
Beijing Auto are determined to get hold of foreign automakers one way or another via a buyout of foreign owned automakers.
In late May their chance to buy Opel, GM’s European subsidery, failed at the last minute. Beijing Auto Works (BAW) are expected to send executives to tour the Ford owned Sweedish automaker and review their accounts prior to…
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The Chinese made TX4 taxi cab was launched today, aiming itself squarely at the ‘business car‘ sector, and perhaps…
Read More →In the news that you’ve all been waiting for, the China Dragon, one of Geely’s finest creations (perhaps) is due to launch in the second half of 2009. (after a slight delay) Under the hood of this fine beast is either a 1.5l or a larger 1.8L engine, perfect for the sports car connoisseur amongst us. The price is also pretty good,…
Read More →Geely and their logo / brand campaign has been an ongoing source for
interesting articles for many years. While Ash has written about Geely’s multi-brand strategy in the past
The Geely IG is Geely’s latest small car concept. The concept is perfect for inner city travel, and is obviously a segment that is clear for development. If Mercedes can launch the Smart range in China to target the high end of the ultra mini car market, then there is no reason why Geely cant target the low and mid range price segments.
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Read More →The Geely GE, aka, the mini Roller, has been partially sighted prior to the Shanghai Auto Show opening. The Roller was rolled into position, but its cover was not placed, giving the automotive paparazi a slight glimpse of what to expect.
Engine specifications, or what, or who Geely are targetting with this car has yet to be announced….
Read More →Pictures and stats of Geely’s closely guarded new GC-1 have finally been released, and CCT can honestly say we like what we see:
The GC-1 specs are as follows:
Exterior:4905×1829×1495mm (LxWxH mm)
Wheelbase: 2805 (mm)
Passengers: 5
Smallest turning circle: 11 meters
Front wheel drive
ABS+EBDã€ESC
2.4l…
Read More →The Geely Grand EC718 has been spotted out, and in a rather odd brown color.
Both the hatch and sedan variants will be paired to 1.8l and 2.0l engines. The 1.8l engine is the 4G18N model that is using D-CVVT technology, and is an improvement over the Geely Yuanjing’s CVVT engine. Max power is 102kw…
Read More →Geely’s mysterious brand names have finally been named, previously, we were only aware of their logo designs.
Geely were announced today as the successful buyer of Drivetrain…
