Tag: Geely

Press Releases – Corona crisis: almost 1.5 million vehicles in production losses for European auto makers

Brussels, 9 April 2020 – Factory shutdowns as a result of the COVID-19 crisis have resulted in lost production amounting to 1,465,415 motor vehicles to date, according to new figures published by the European Automobile Manufacturers’ Association (ACEA). This figure – covering passenger cars, trucks, vans, buses and coaches – is up from 1.2 million… Continue reading Press Releases – Corona crisis: almost 1.5 million vehicles in production losses for European auto makers

Car maker: unrest at Daimler: Management Board wants to merge financial organizations

Daimler headquarters in Stuttgart Of all things in the corona crisis, the chief financial officer unsettled his team with an organizational reorganization, according to the company. (Photo: AFP) Munich For Daimler– Chief Financial Officer Harald Wilhelm April 1, 2020 is a special date. Finally the former celebrated airbus-Manager at the beginning of the month not… Continue reading Car maker: unrest at Daimler: Management Board wants to merge financial organizations

Geely eyes $900m loan for restructuring – GlobalCapital

Zhejiang Geely Holding Group, a Chinese auto company, is in talks with banks for a new loan to support a planned restructuring. The company is planning to raise a $900m three year club deal, according to multiple bankers close to the situation. One of the bankers said the discussion is at a preliminary stage, and… Continue reading Geely eyes $900m loan for restructuring – GlobalCapital

@Geely: Geely Automobile Holding Sales Volume For March 2020 Was 73,021 Units

2020 April 07, Hong Kong. Geely Automobile Holding Limited (Group) announced that the the total sales volume of the Group (including the sales volume of LYNK & CO-branded vehicles sold by the Group’s 50%-owned joint venture) for the month of March 2020 was 73,021 units, a decrease of approximately 41% from the same period last… Continue reading @Geely: Geely Automobile Holding Sales Volume For March 2020 Was 73,021 Units

@Geely: Geely Auto 2019 Financial Results Released Showing Revenue of 97.4 Billion and Increased Market Share

Geely Automobile Holding Ltd. (HK.0175) 2019 revenue reach 97.4B RMB Net profit reached 8.26B RMB with profit attributable to stockholders at 8.19B RMB Geely Auto continues to be the top selling Chinese auto brand for the third consecutive year with sales of 1.362 million units. Market share in 2019 increased from 6.2% to 6.5% Geely… Continue reading @Geely: Geely Auto 2019 Financial Results Released Showing Revenue of 97.4 Billion and Increased Market Share

Press Releases – UK trade deal: EU auto makers call for far-reaching agreement

Brussels, 6 April 2020 – The scale and ambition of the trade agreement that replaces the United Kingdom’s membership of the EU must reflect the deeply intertwined nature of the automotive sector, urges the European Automobile Manufacturers’ Association (ACEA). If not, this would not only severely damage the industry and the wider economy, but it… Continue reading Press Releases – UK trade deal: EU auto makers call for far-reaching agreement

Press Releases – Massive ramp-up of truck charging and re-fuelling infrastructure needed, new data reveals

Brussels, 3 April 2020 – The European Automobile Manufacturers’ Association (ACEA) has released new data on the number of charging points and re-fuelling stations required for zero- and low- emission trucks to meet the 2025 and 2030 CO2 targets. In terms of charging points for electric trucks, this means going from close to zero today… Continue reading Press Releases – Massive ramp-up of truck charging and re-fuelling infrastructure needed, new data reveals

Veoneer and Volvo Cars to Split Joint Venture to Pursue Separate ADAS and Autonomous Driving Strategies

STOCKHOLM, Sweden, April 2 , 2020 /PRNewswire/ — The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), have following a strategic review, entered into a non-binding agreement with Volvo Cars to split their 50/50 joint venture Zenuity.   The parties have agreed in principle that Veoneer will integrate and operate the current… Continue reading Veoneer and Volvo Cars to Split Joint Venture to Pursue Separate ADAS and Autonomous Driving Strategies