Geely Automobile released its financial results for 2019, reporting a revenue of 97.4 billion RMB (Rs 102,952 crore), down 8.63 percent, net profit of 8.26 billion RMB (Rs 8,730 crore), down 34 percent. Despite challenging condition globally, Geely Auto says it continued to remain the sales champion among Chinese brands for the third consecutive year… Continue reading Geely reports profit of 8.26 billion RMB in 2019, down 34%
Tag: Volvo
@Geely-Volvo: Volvo Cars looks towards next decade as it celebrates 10 years with Geely
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@Geely-Volvo: Volvo Cars restructures executive management
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@Geely-Volvo: Volvo Cars revises outlook statement for 2020
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Automobili Pininfarina CEO Michael Perschke calls it a day
Michael Perschke, CEO of Automobili Pininfarina, which is owned by India’s Mahindra Group, has called it a day at the pure electric luxury car brand. Earlier today, Automobili Pininfarina Chairman and Mahindra & Mahindra Managing Director, Dr. Pawan Goenka, confirmed Perschke’s departure. With immediate effect, Per Svantesson has been appointed to the role of Managing Director and… Continue reading Automobili Pininfarina CEO Michael Perschke calls it a day
Chinese carmaker Geely will airdrop customers new car keys by drone – Business Insider – Business Insider
Chinese auto company Geely will now give new-car buyers the option to have their keys flown to them via drone to limit human contact upon delivery, which comes at a time when limited contact is encouraged amid the coronavirus pandemic. Since February, Geely customers have been able to order a car online and have it… Continue reading Chinese carmaker Geely will airdrop customers new car keys by drone – Business Insider – Business Insider
Volvo’s Polestar begins production of the all-electric Polestar 2 in China
Polestar has started production of its all-electric Polestar 2 vehicle at a plant in China amid the COVID-19 pandemic that has upended the automotive industry and triggered a wave of factory closures throughout the world. The start of Polestar 2 production is a milestone for Volvo Car Group’s standalone electric performance brand — and not… Continue reading Volvo’s Polestar begins production of the all-electric Polestar 2 in China
Volvo Cars Shutters Europe, U.S. Plants as Virus Hits Supplies
Volvo Cars has started a shutdown of its factories in Europe and the U.S., mirroring similar moves by global carmakers as the coronavirus pandemic wreaks havoc on supply chains and staffing levels.
Press Releases – Coronavirus: EU auto industry faces unprecedented crisis
Brussels, 20 March 2020 – The effect of the coronavirus on society and the global economy is unprecedented, with grave consequences for the automobile industry. Indeed, most of the members of the European Automobile Manufacturers’ Association (ACEA) have already announced temporary closures of plants due to collapsing demand, supply shortages, and government measures, and are… Continue reading Press Releases – Coronavirus: EU auto industry faces unprecedented crisis
[Covid-19] The Walor group closes two factories in the Ardennes
Faced with a significant drop in its production volume due to the coronavirus epidemic which affected several of its principals (PSA, Renault, Volvo, John Deere) and several other automotive suppliers, heavy goods vehicles , agricultural machinery and construction, the Walor group was forced to close its two factories in the Ardennes at Bogny-sur-Meuse (210 employees… Continue reading [Covid-19] The Walor group closes two factories in the Ardennes