Chinese 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)
Categories: Auto Industry,Ford,Geely,Manufacturers,Volvo
Although 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)
Categories: Auto Industry,Ford,Geely,Manufacturers,Volvo
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
Categories: Concept Vehicles,Coupes,Future Vehicles,Geely,Shanghai Auto Show
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
Categories: Concept Vehicles,Future Vehicles,Geely,Shanghai 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 Geely Tiger GT Concept: 2008 Beijing Auto Show.
Categories: Beijing Auto Show,Coupes,Geely
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
...
Categories: All Auto Shows,Beijing Auto Show,Geely
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 2008 Detroit Auto Show: Geely Automobile.
Categories: Detroit Auto Show,Geely,Sedans
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 Geely's new logo.
Categories: Geely
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
...
Categories: Geely
Image: Robin Buckson / The Detroit NewsLast 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 Detroit Auto Show: China and Detroit, Take 2.
Categories: All Auto Shows,Auto Industry,Detroit Auto Show,Geely,Trends
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 Beijing auto show.
Categories: All Auto Shows,Geely
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.
Categories: All Auto Shows,Detroit Auto Show,Geely,Trends
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 Three Chinese automakers to display at 2007 NAIAS.
Categories: All Auto Shows,Detroit Auto Show,Geely
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."
Categories: All Auto Shows,Detroit Auto Show,Geely
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.
Categories: All Auto Shows,Detroit Auto Show,Geely
Chinese 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. 