Ahead of its initial public offering, Volvo Cars’ Chinese owner Zhejiang Geely is making some major concessions so as to wet investor appetite. Chinese owned Volvo Cars has slashed the amount it aims to raise from its massive equity offering by… Read More ›
On Wednesday, China’s Zhejiang Geely Holding Group said its Volvo Cars is exploring capital market options including a potential initial public offering. Earlier this year in February, Geely’s Hong Kong-listed unit Geely Automobile and Volvo Cars scrapped their full merger… Read More ›
In a statement, Swedish car dealership chain Bilia said, it has received a notice of termination for its dealer agreements with Volvo Cars in Norway and Sweden. The termination, which has a notice period of two years, covers both Bilia’s… Read More ›
The capacity increase assumes significance since it ramps up production volumes as well as adds bigger cars to Geely’s product basket. According to two sources familiar with the matter at hand, China’s Geely is putting in place a new auto… Read More ›
The strategic Chinese move is aimed at hurting Trump’s Republican base since South Carolina is a Republican controlled state. The move also carefully targets U.S. jobs as well as hangs the carrot of potential auto exports from the U.S. to… Read More ›
The move is not as simple as it seems – the Chinese company appears to have preempted the move and has taken strategic steps of its own. Following China’s Geely’s claiming a 10% stake in Daimler, AB Volvo, a Truckmaker… Read More ›
The strategy to gain valuable experience from Volvo’s assembly line before launching its own production in its plant is likely to be a strategic decision taken by Lynk & Co and taps strategic resources – China’s financial clout, the strength… Read More ›
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