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  1. Business - Companies - CARS

    Geely first-half profit rises 37pc as both domestic sales and exports jump

    Posted Aug 22nd 2013, 12:56pm by Kwong Man-ki

    ... First-half net profit at Geely rises 37 pc Mainland carmaker Geely Automobile posted stronger-than-expected growth in first-half profit as car sales recovered at home and exports picked up ... exchange. Analysts had been expecting 20 per cent profit growth. Revenue jumped 33 per cent to 14.85 billion yuan (HK$18.8 billion) as Geely sold 263,544 units in the first half, an increase of 19 ...

  2. Comment - Blogs

    Cars: BAIC IPO, Geely goes electric

    Posted Feb 04th 2013, 12:50pm by Doug Young

    ... Doug Young Daimler's investment in BAIC indicates the latter may make a long-awaited IPO later this year, while Geely's purchase of bankrupt Managanese Bronze looks like a strategic mistake. News bits from the automobile space indicate the long-awaited IPO by Beijing-based car maker BAIC Motor may finally be coming soon, while the struggling Geely (0175.HK) is chasing ...

  3. Beijing Auto sets sales goal of 1.05m vehicles

    Posted Feb 11th 2009, 12:00am by Kandy Wong

    ... such as Anhui-based Chery Automobile and Zhejiang-based Geely Automobile Holdings, last year fell short of their original targets. Analysts said that to meet sales targets, carmakers cut prices throughout ...

  4. Geely Group eyes carmaker stake

    Posted Jan 12th 2005, 12:00am by Eric Ng

    ... Eric Ng Geely Automobile Holdings has confirmed Geely Group's intention to take a majority stake in the compact-car maker, but denied any plans to take complete ownership of it. The confirmation is in line with Geely Group's long-term goal to complete its 'back-door' listing through gradual asset injections into Hong Kong-listed Geely Automobile, which has been ...

  5. Business - China Business

    BYD and Geely record strong profit growth

    Posted Mar 19th 2014, 02:57pm by Enoch Yiu and Kwong Man-ki

    ... Enoch Yiu and Kwong Man-ki in Beijing BYD and Geely record strong profit growth BYD yesterday said net profit soared 579 per cent last year to 553.09 million yuan (HK$692.8 million) ... more than in 2012, on stronger demand in mid-tier cities. Revenue from car sales grew 9.62 per cent to 27.02 billion yuan. Meanwhile, stronger-than-expected sales saw Geely Automobile's ...

  6. Business - Companies - CARS

    Geely purchases London taxi maker Manganese Bronze for £11m

    Posted Feb 02nd 2013, 12:00am by Anita Lam

    ... Anita Lam Anita.lam@scmp.com Mainland car firm already owned 20pc of iconic but debt-laden British black cab manufacturer Geely purchases London taxi maker for £11m Mainland carmaker Zhejiang Geely is to buy out the assets and goodwill of the debt-laden manufacturer of London taxis, Manganese Bronze for £11.04 million. As Geely will take over the servicing of all the taxi ...

  7. Business - China Business - CARS

    Zhejiang Geely bids for Manganese Bronze

    Posted Dec 22nd 2012, 12:00am by Bloomberg

    ... Bloomberg in Beijing Zhejiang Geely offers to buy Manganese Bronze Zhejiang Geely Holding Group has submitted a bid to buy Manganese Bronze Holdings the maker of London's black taxis that is under creditor protection, two people familiar with the matter said. Zhejiang Geely, which owns Swedish carmaker Volvo Cars, is offering to buy 80.03 per cent of Manganese Bronze, one ...

  8. Business - Companies - CARS

    Volvo maps out export plans for China

    Posted Jun 18th 2014, 01:19am by Reuters

    ... Reuters in Beijing Volvo maps out export plans for China Volvo Car's plans to turn the mainland into an export hub show parent company Zhejiang Geely Holding is out to disprove ... by at least 13 per cent this year as it opened more showrooms in the world's biggest car market, the executive said. Geely's strategy for Volvo is being closely watched as a possible model ...

  9. Business - Companies - CARS

    Tensions rise over Volvo's identity under China's Geely, sources say

    Posted Jan 17th 2014, 03:41pm by Reuters

    ... Reuters in Detroit Chinese owner Li Shufu frustrated with Swedish management over new models, sources say Tensions rise over Volvo's identity under Geely The strategic path Volvo Car ... The 87-year-old Swedish carmaker, acquired by Zhejiang Geely in 2010, is torn between a desire to hang on to its roots- a focus on safety and Scandinavian understatement in car design- and a desire ...

  10. Business - Companies

    Culture clash as Chinese chief seeks to 'Pimp my Volvo'

    Posted Sep 10th 2013, 12:57pm by Reuters

    ... Reuters Culture clash as Geely tries to add bling to Volvo Safe, solid and understated in a Swedish way, or a wannabe luxury brand pandering to a Chinese taste for excess and ‘bling’: that’s the debate causing ripples at the top of Volvo Car Corp, under Chinese ownership since 2010. A culture clash between Volvo’s European management and Zhejiang Geely Holding Group Co, ...




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