Previously we described the Qoros brand as a difficult sell, but perhaps it won’t be such a hard sell after all, especially if future models stay along these lines:
In 2010 Geely acquired Volvo, and then in 2012 the government announced it would buy more locally made cars rather than Audis. It was largely thought that Volvo, as a Chinese owned company, would get a major leg up in the 2012 sales market, but the opposite has happened, sales fell.
Ford established its joint venture with Changâ€™an Automobile…Read More →
After buying Volvo, Geely have their sights set on another company: Aston Martin. According to reports originating from auto.sohu.com, Geely have already been deep in talks with Aston Martin regarding a potential buyout of the company.
Aston Martin was sold to Ford in 1987 and was then sold onto a Kuwaiti company, Investment Dar Inc, for 925 million…Read More →
Expect major updates from tomorrow onwards.
What we’ve seen so far:
The new joint venture between Chang-an Auto and Citroen (CAPSA) is quite possibly one of the more exciting ones in China, rather than producing the usual three box sedans that Chinese consumers were once so fond of, CAPSA are eager to bring in their flagship DS5.
The DS5 is already sold in China but the DS dealer network is spotty at best, the DS3,…Read More →
Cadillac is far from catching up the likes of Audi and BMW in the Chinese market, but they might grow their current market share in the next few years if they play their cards right. According to a Reuters report filed yesterday, Cadillac just isn’t cool with Chinese consumers due to the use of sharp angular designs on show which goes against Chinese…Read More →
Volvo is Swedish? Volvo is Chinese? The Chinese government cant make up its mind, the same for Taiwanese Yulong motors who recently set up a joint venture with Dongfeng, surely if Taiwan is forever an inseparable part of China then Taiwanese auto companies do not need to set up a JV in the mainland Chinese market, the government thinks otherwise.
Swedish car maker Volvo, owned by Chinese group Geely, said it was on track to meet its long-term goal of boosting sales more than four-fold in China after reporting a fall in 2011 earnings due to costs related to its expansion.
Volvo was bought by Zhejiang Geely Holding Group Co Ltd from Ford Motor Co in 2010. It plans…Read More →
Jeremy Lin, the Taiwanese basketball sensation is apparently talking about flogging cars on behalf of Volvo. The ‘Linsation’ rose to fame earlier this year and his fame is showing no signs of slowing down, especially as the original Chinese Giant, Yao Ming, took to studying books rather than slamming dunks last year due to a bad ankle.
From Read More →
One of the major sticking points for Geely’s take over of Volvo was a technology transfer, technically Volvo’s IPR is largely Ford’s IPR, but it seems that Geely, Volvo, and Ford have come to an agreement regarding the sharing of technology. Geely are planning to build an entirely new brand based around older Volvo technology, much in the same way that…Read More →
It was initially reported that Volvo would be able to enter the Chinese market with its own production facilities as an independent company owing to its Chinese ownership at the hands of Geely, however according to our information the Chinese government still regards Volvo as a foreign company and requires it to have a partner prior to setting up a…Read More →
It seems Geely Groupâ€™s chairman Li Shufu has not put on the agenda the question how Volvo brand will benefit or back feed Geely brand after the group acquired the European luxury brand more than one year ago.
Geely hoped Volvo could drive up the brand image of Geely through the acquisition. However, it seems their â€œchemical reactionâ€…Read More →
China’s Geely Automobile said on Monday its first-half net profit jumped 17 percent from a year ago, boosted by higher sales but warned that demand will slow in the next six months.
Net profit for January-June rose to 937.6 million yuan ($146 million), from 804.8 million yuan a year earlier, the auto maker said in a statement…Read More →
The SC6 SUV was first unveiled at the Beijing Auto Show in April last year in concept form, however this particular model is practically heading down the production lines at Great Wall’s Bao Ding plant after our most recent visit to their factory. The SC6 has been sent to the Chinese patent office ahead of official production runs later this year which…Read More →
Volvo announced that its China sales increased by an amazing 79% in the first six months of 2011, the Chinese owned company posted sales of 21,028 vehicles over the course of the first half of 2011. Although the sales figures remain small compared to its targeted rivals of Audi, BMW and Mercedes, the Swedish brand has major plans to boost sales to 200,000…Read More →