Tag: Geely

Volvo Cars in talks to reach emissions deal with California

A long exposure picture shows cars of Swedish automobile manufacturer Volvo displayed in front of a showroom of Stierli Automobile AG company in St. Erhard, Switzerland April 11, 2019. REUTERS/Arnd Wiegmann WASHINGTON (Reuters) – Swedish automaker Volvo Cars confirmed Tuesday it is in talks with California to reach a voluntary emissions agreement. Mary Nichols, who… Continue reading Volvo Cars in talks to reach emissions deal with California

Chinese automaker Geely says it’s on track to meet output target despite 2019 profit miss – CNBC

Employees operate on an Emgrand 7 series assembly line at the Geely Automobile Holdings Ltd. factory in Cixi, Zhejiang Province, China, on 21 June, 2012. Qilai Shen Chinese carmaker Geely Automobile said it was expecting business to recover in the near-term after a disappointing year as the country’s auto industry battled lockdowns due to coronavirus… Continue reading Chinese automaker Geely says it’s on track to meet output target despite 2019 profit miss – CNBC

Press Releases – COVID-19: Jobs of over 1.1 million EU automobile workers affected so far, data shows

Brussels, 31 March 2020 – The jobs of at least 1,110,107 Europeans working in automobile manufacturing are affected by factory shutdowns as a result of the COVID-19 crisis, according to data compiled by the European Automobile Manufacturers’ Association (ACEA). This figure only refers to those people directly employed by car, truck, van and bus manufacturers… Continue reading Press Releases – COVID-19: Jobs of over 1.1 million EU automobile workers affected so far, data shows

Geely reports profit of 8.26 billion RMB in 2019, down 34%

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%

Q&A: Mercedes CEO on EV strategy, F1, Smart and more

Will there be an electric G-Class? “The G-Wagen seems to transcend all segments. It’s its own company, almost. But yes, the G-Wagen will go electric in a few years.” Will you keep your connection with Formula 1? “As you know, negotiations are proceeding right now over the framework of a new F1 agreement for the… Continue reading Q&A: Mercedes CEO on EV strategy, F1, Smart and more

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