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Geely to invest $398 million in new powertrain plant in China

| Car News, China, Geely | March 17, 2013

Geely to invest $398 million in new powertrain plant in China

Chinese carmaker Geely is expected to invest 2.5 billion yuan (398 million U.S. dollars) to build its largest powertrain manufacturing center in the coastal city of Ningbo, according to an agreement signed between Geely and the local government on Thursday, 14 March 2013.

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Geely and Volvo to set up R&D center in Sweden

| Car Industry, Car News, China, Geely, Volvo | March 17, 2013

Geely and Volvo to set up R&D center in Sweden

Geely Holding, majority owner of Volvo Car Corporation (Volvo Cars) and Geely Auto, will establish a Research and Development Centre in Gothenburg, Sweden. The Centre will develop a new modular architecture and set of components for future C-segment cars, addressing the needs of both Volvo Cars and Geely.

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921 total views, 1 today

Geely Looking to Buy Manganese Bronze

| Car Industry, Car News, China, Geely, United Kingdom | January 3, 2013

Geely Looking to Buy Manganese Bronze

The UK taxi manufacturer Manganese Bronze was hit by the perfect storm of issues over the past four years, taxi sales slumped from 2008 onwards due to the recession and also suffered from accounting errors, continual losses, and product recalls all of which drove the company’s stock price down.

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1,885 total views, 2 today