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Volvo Hopes to Electrify Customers – and Investors

Volvo Hopes to Electrify Customers – and Investors

Volvo took a lead in the push into electrification last year, announcing it would use some of battery-based drive system on all future products, whether mild, conventional or plug-in hybrids, or pure battery-electric. And, last January, it gave us a hint of what that...
Chinese Automakers Eyeing International Roles

Chinese Automakers Eyeing International Roles

Guangzhou Automotive Corp. or GAC, one of the largest automotive enterprises in China, still plans to move ahead with plans to export vehicles to the United States in 2019 or 2020, a top GAC executive told the annual Global Automobile Forum in Chongqing, China....
Geely’s Li Shufu Says Partnerships Key to Auto Success

Geely’s Li Shufu Says Partnerships Key to Auto Success

Geely owner Li Shufu urged Daimler AG, in which he recently became one of the largest shareholders, to consider further strategic partnerships. Li Shufu, who is also the owner of Volvo, recently became a major shareholder of Daimler after acquiring a 9.69 % stake in...
Daimler’s Zetsche Talks About Future With New Investor

Daimler’s Zetsche Talks About Future With New Investor

Daimler AG continues to enjoy record success even as it spends heavily on new investments to prepare the company to meet future challenges in an auto industry that is changing quickly and dramatically even as it adjusts to new shareholders. Daimler CEO Dieter Zetsche...
Geely Chairman Shufu Shaking Up Auto Industry

Geely Chairman Shufu Shaking Up Auto Industry

Daimler AG and its principal Chinese partner, BAIC, plan to invest almost $2 billion in a state-of-the-art factory in China, even as Li Shufu, the ambitious entrepreneur, who has made Geely into an automotive power begins to digest his purchase of a 9.7% stake in the...
Geely Buys 9.7% of Daimler AG for $9.2 Billion

Geely Buys 9.7% of Daimler AG for $9.2 Billion

Li Shufu, Geely’s chairman and majority owner, continues to sample different flavors from the automotive industry buffet, spending $9.2 billion for a 9.7% stake in Daimler AG. The purchase, which was revealed in a regulatory filing, makes Shufu Daimler’s largest...
China Posts Meager Auto Sales Gain in 2017

China Posts Meager Auto Sales Gain in 2017

China’s auto sales stalled in December and ended 2017 up a meager 1.4% compared with a year ago results as the popularity of SUVs helped to offset falling demand for sedans, the China Association of Automobile Manufacturers said. With global car makers such as...