In the middle of 2009 Geely began to spread its wings on the international scale and one of its first ventures was to take over Drivetrain Systems International, one of the worlds largest gearbox manufactures from Australia.
Geely have invested 1.6 billion Yuan into the new factory in Jininig which will be able to produce 300,000 gearboxes every…Read More →
Geely’s Golden Eagle hatchback has already been a popular model and has performed well against competition such as Brilliance’s FRV, and now Geely are playing catch up in the crossover stakes with a new model.
Prices are expected to be from 54,000rmb and rising for the crossover model, which has a 1.5L engine…Read More →
The Geely Emgrand EC825 is Geely’s first shot at a mid to full size sedan and was officially on show at the Beijing Motor Show last month and will launch in the second half of 2010.
The Emgrand EC825 will use Geely’s own JLÎ´-4G24 engine, which will replace the Mitsubishi engine that was initially planned for…Read More →
This years Beijing Auto Show showed that Geely do have the flair and the will to produce a mass range of cars from electric buggies, to mid size pick up trucks, but they don’t have the market yet in China to put all of their models into production. The Associated Press has a very good article on what might happen to Geely post Volvo purchase, and more…Read More →
Gullwing doors are quite frankly awesome, they should certainly be on more production cars, of which the Geely IG. If you though the IG was simply a concept car you are wrong. A quick chat with Geely’s PR director at the Beijing Auto Show revealed that the vast majority of Geely cars on show at this years Beijing Auto Show were production cars, and…Read More →
Geely had a mass array of cars on show at the Beijing Auto Show, only there was one problem: Not many of them are actual production cars. Usually at a car show, a manufacturer will deliver around five to six production models, and then possibly one or two concept cars, perhaps with one being a little more ‘out there’ design wise than the other. But…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 →
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 Read More →
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…Read More →
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 →
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 →
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 →
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:
China’s Geely would barely lay a finger on Ford…Read More →
Ford have finally given Geely the green light to buy Volvo, basically telling us everything we knew months ago:
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…Read More →
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 →
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 →
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 GroupRead More →
Co. Ltd., a privately-owned Chinese automotive company, today welcomed Ford Motor Company’s decision to name it as the…
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…Read More →
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 →
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…Read More →
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…Read More →
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, Chinaâ€™s biggest privately owned car firm, are breathtaking. The company is simultaneously…Read More →
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 →
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…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 carÂ connoisseur amongst us. The price is also pretty good,…Read More →