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Geely Straightline Archives

Wonder Why Geely Bought Volvo? Geely CK 1 1.3 Scores 0 Stars in Latin NCAP Crash Test

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Summary from the Latin New Car Assesment Programmes after they crashed a Geely CK 1 1.3, "Protection for the driver poor for most body regions. Significant collapse of the body shell during test."

The NCAP frontal test involves an offset, deformable object being struck at 64 km/h (39.8 mph) and was conducted on the most popular cars in Latin American and the Caribbean. Those are the, Toyota Corolla XEI; Chevy Meriva GL Plus; FIAT Palio ELX 1.4 (with and without airbags); VW Gol Trend 1.6 (with and without airbags); Peugeot 207 Compact 5p 1.4 (with and without airbags) and the Geely CK 1 1.3. All of these cars scored more than zero stars (out of four). Geely would've been better off just staying home.

Volvo should help this. Four Volvos, including the C30, are IIHS Top Safety Picks for 2010.

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Volvo's New Chairman Wants to Build S-Class Rival

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The redesigned Volvo S60 is pretty nice all right, but that's not enough for the new Volvo chairman, Li Shufu, who's also a co-chair of Geely, the new owner of Volvo. He wants a flagship.

"At the moment we are competing with BMW, Audi and Mercedes, but we don't have a product to compete with the BMW 7 Series and Mercedes S-Class," he told the Financial Times. "We need to fill that gap."

Li was careful to note that this is not (yet) an official decision from Volvo's new managing board, rather "[his] personal thought or idea."

Financial Times (sub.req'd)

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SOLD: Ford Unloads Volvo to Geely for $1.8 Billion

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(Freeman H. Shen, Vice President, Zhejiang Geely Holding Group and member of the board, Volvo Cars.)

Ten months after being named a premiere bidder for Volvo, Zhejiang Geely Holding Group Co.,LTD has finalized the 100 percent purchase of the Swedish auto maker from Ford for $1.8 Billion. The deal signed in March, was a $200 million note with the balance to be paid in cash. Geely today paid $1.3 billion cash to Ford, but the final purchase price-- including customary market adjustments-- is expected to up the profits to Ford.

Details were slim, but Ford will continue, for a transition period, to supply Volvo with "powertrains, stampings and other vehicle components" according to the release. Ford will also help with engineering support, IT and tooling for the transition period. There are also special terms allowing for Volvo to govern the use of Volvo /Ford's intellectual property for both companies to "continue to deliver their business plans."

Ford purchased Volvo in 1999 for $6.4 billion.

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The GE: Geely Excellence Sedan Gets a Refresh for Beijing

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First unveiled in Shanghai last year, the Geely GE was trotted out again in Beijing this year. This time, however, it had a new, more refined interior and a slightly revised exterior. There was a 3.5-liter V6 under the hood as well, a far cry from the flagship sedans that inspired the GE's style and performance.

Continue reading...

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Geely Confirms It Has Bid on Volvo

2011-volvo-s60-front.jpgChinese automaker Geely did indeed place a bid to buy Volvo in August, the company's CEO, Gui Shengyue, confirmed yesterday in an interview with the Financial Times. Geely is still thought to be the only serious bidder for Volvo.

Two sources close to the company estimate the size of the bid at just under $2 billion, which falls into the line with the $1.5 to 2 billion Ford is reportedly seeking. FT reports that Geely also wants to buy all of Volvo, which would seem to work well, since Ford wants to sell its Swedish subsidiary in one piece.

Financial Times (sub.req)

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Geely Might Be the Only Legitimate Bidder for Volvo

volvo.jpgAlthough there has been more news coverage about the pending sale of Saab to Dutch supercar maker Koenigsegg, the other Swedish automaker, Volvo, is still up for sale, too. And Automotive News cites a report from Dagens Industri, a Swedish business newspaper, that Chinese automaker Geely is the only company to submit a serious bid for Volvo thus far.

More details on the sale are expected next month, according to the report, and parent company Ford still plans to have everything wrapped up before New Year's.

Automotive News (sub.req)

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Geely GT: Closer to Production and It Shows

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Last year Geely stole the show in Beijing with its long and lean GT concept. It was over the top in many ways, but at least it was an original design.

This year, the GT is back, but it's flowing lines have been interrupted by the realities of production. There's a full interior this time around and a much larger greenhouse to open up more passenger room. Unfortunately, the new shape makes the car look awkward and unfinished. If Geely wants to make a name for itself with a flagship coupe, it's going to have to channel a little more of the concept into the finished product.

2009 Shanghai Auto Show: Geely GT

 

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2009 Shanghai Auto Show Starts Monday

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You may have had enough of the auto show circuit after last week's show in New York, but there's one final international show left before summer.

The 2009 Shanghai Auto Show will not only have several production cars bound for the U.S. like the 2010 Porsche Panamera and 2010 BMW X5 M, it will showcase China's growing home market brands like Geely, Chery and Great Wall.

As is typical of the Chinese shows, we'll be seeing a colorful array of model names that make monikers like Brougham and Bonneville SSEI seem quaint. So far we've seen previews of the Chery Karry Viewsonic, Great Wall Cool Bear and the Dongfeng Fengshen. Check back next Monday for more cool name and additional coverage from Shanghai.


2009 Shanghai Auto Show
 

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Geely Tiger GT Concept: 2008 Beijing Auto Show

Maybe you remember the name Geely? It was the first Chinese car company to show a car at the Detroit auto show in 2006. The display vehicle was a pathetic attempt at a sedan that left many wondering if it was a serious car company.

Now take a look at this Geely concept...

Continue reading...

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2008 Beijing Auto Show Preview: Geely CE concept



STOP THE PRESSES!!!


A Chinese car that's not a blatant rip-off of some other worldly car? A Chinese car that's actually really good looking?

Yep, that's what we have here with this Geely CE Concept which will debut at the Beijing Auto Show. Ah, my hope for humanity has just been given a much needed boost...

Full story here ...

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2008 Detroit Auto Show: Geely Automobile

Geely Automobile is ambitious. The Chinese company produced 2 million cars in 2006 and aims to produce 20 million cars in 2015. It's not quite ready to sell in the U.S. but the company says it is inevitable...

Continue reading...

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Geely's new logo



I hate this kind of stuff. Maybe because I'm a graphic designer it hits just too close to my heart.

Geely has just introduced a new logo that's supposed to reflect the heart and soul of the company. This is what logos do, or at least that's what they're supposed to do...

Continue reading...

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Geely's London Taxi the TX4



When I first saw this I said, oh no, not another Chinese rip-off. But that's not the case, as Geely has struck up a deal with Manganese Bronze, the owner of London Taxi, to produce the iconic London Taxi, and it will be sold in London. The TX4 will have a 2.4 diesel engine and is reported to have a Euro 4 rating.

Full story here ...

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Detroit Auto Show: China and Detroit, Take 2



Image: Robin Buckson / The Detroit News

Last year at Detroit Chinese automaker Geely gingerly tiptoed into Cobo Hall, barely registering a blip on the Wow Meter. This year the Chinese are back with Changfeng Motors putting up a display of five models, two SUVs, two pickups and a concept car. Surely the Wow Meter was wowed a bit more this time around...

Changfeng promises to enter the US market at some point, but no date has been announced yet...

Continue reading...

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Beijing auto show



The Beijing auto show opened this weekend. As you may have been reading this show is starting to get a lot more news coverage, as the Chinese are starting to make a bid for the world market. Expect to see an increased presence of Chinese cars at the NAIAS this year.

The vehicle pictured above is the Geely Fengyin (Stealth Wind) concept...

Continue reading...

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Changfeng to NAIAS



Last year the Chinese auto company Geely had a display at the Detroit show, This year Chanfeng, another Chinese car company will have a display. The vehicle pictured above is called the Cheetah, and was shown at the Shanghai auto show in 2005.

Chanfeng expects to market cars here in 2010.

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Three Chinese automakers to display at 2007 NAIAS

Last year the Chinese automaker Geely tiptoed into the Detroit auto show with a small and short-lived display. This year expect to see three Chinese automakers set up displays in Cobo Hall. You can be sure automakers from around the world will be watching this closely, as China is quickly developing their auto industry. It's just a matter of time before they become a player in the world market...

Continue reading...

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China's automotive future

Geely, remember them? They were the Chinese automaker that had a display at the 2006 NAIAS.

Well, John Harmer, Vice President & COO of Geely USA, and other automotive dignitaries discuss the next stage of China's growth, as automakers in the world market (and North America, of course) at a networking breakfast titled: "China—After the Gold Rush: The Auto Industry's New Frontier."

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Geely to test market cars in Puerto Rico



If you were wondering about the Chinese automotive invasion, to be lead by Geely , here's your first clue: Puerto Rico. For those not familiar with Geely, they recently had a display at the NAIAS, and appear to be the first Chinese automaker to enter the North American market in 2008.

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More news from Geely

Geely, the Chinese automaker, is working on their new the LG-1 sedan , a Corolla-sized vehicle, slated to debut later in the year. No word as to whether it's coming to the U.S., but I wouldn't bet against it happening.



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