geely

It's 'like producing cigarettes, ' he said, pretending to puff on an imaginary cigarette in a meeting room at Geely's Hangzhou headquarters.

Gui declined to put a value on a possible bid, but said Geely Holding was waiting for Ford to formally put Volvo up for sale.

It's not unusual to see the bumpers on Geely cars barely hanging on after a few years of use.

Ford said the company is focusing on talks with Geely and has declined to discuss details of those discussions.

The people familiar with the matter declined to say the amount of Crown's bid but described it as on par with the Geely offer.

But it is adamant that it would not do the deal if it did not believe that Geely would be a "responsible future owner" .

A person familiar with the matter said that Ford specifically told Geely that Mr. Odell would be staying at Ford.

Following the court verdict, Geely's registration will be revoked if it or the Trademark Appeal Board does not appeal to a higher court.

Ford gave no price for Geely's bid, but two people familiar with it said the privately held group offered just under $2bn for Volvo.

He said Geely had a "deep understanding of the auto industry" and more patience about return on investment than private equity owners.

But a senior Geely executive said the two companies had made progress on key issues.

A few weeks ago, Geely was said to be casting an eye over GM's Swedish unit, Saab, but nothing came of it.

It inked a memorandum of understanding with Geely in Beijing in August, only a few days after the Geely-Volvo deal was completed.

Company Chairman Li Shufu said he sees cooperation opportunities between Geely and Volvo Cars, particularly in technical areas.

' The executive said Geely would retain Volvo's current management as it gears up to revive the storied but troubled car maker.

Acquiring Volvo gives Geely an international profile and a degree of credibility it could never have achieved on its own.

My footsteps left at the beautiful bank of Geely Lake, loudly and crazily, my voice of reading English used to be heard on campus everyday.

I cherished the golden days when I was studying in Beijing Geely University, where is the beginning of my dreams as well as my life.

You can also expect to see inexpensive, wholly domestic Chinese brands like BYD and Geely imported to the U. S. soon.

If the first guest is a black man, or happy, happiness and well-off people, the master will take the best of luck throughout the year Geely.

Two days before Christmas, Geely announced it had settled commercial terms with Ford on the acquisition of Volvo cars.

Ford Motor Co. and Zhejiang Geely Holding Group Co. said this month that sales in July fell from a year earlier, while BYD Co.

Geely's purchase, which had the support of the Chinese government, makes Volvo the industry's first Chinese-owned luxury car brand.

Wang Ziliang, spokesman for Zhejiang Geely, did not answer calls to his office.

"The Toyota logo has a whole ' nother ring in it, " Geely spokespeople did not say.

But Ford would be a very wary seller, fearing that Geely might run off with too much valuable intellectual property.

Geely Khan to greet an old friend of the Tang Dynasty, and Li Yuanfang and a former Thai, in the Shi teeth off a grand banquet held.

Geely reciprocated this month, announcing that it will build its Volvo headquarters and an assembly plant in a Shanghai industrial district.

And as authentic from Zhejiang Geely chairman Li Shufu legendary entrepreneurial process is a strong proof of this statement.

Geely said the deal would nearly double its sales to 600, 000 in five years, largely by building market share in its home country.

Meanwhile, Geely Automobile Holdings Ltd. said its first-half net profit rose 35% from a year earlier.

Ford said it has settled 'substantial commercial terms' of the proposed sale to Zhejiang Geely Holding Group Co.

But Geely insists Volvo is to keep its European operations running over the longer term and its core identity will be maintained in general.

"I am not even sure yet if Chery and Geely [the two top Chinese brands] will turn out to be long-term competitors, " he says.

'The door isn't closed, but we're in fairly advanced talks with Geely, ' one of the people said.

Mr. Horbury, who joined Hangzhou-based Geely as a senior vice president, is likely to remain in Sweden 'for the time being, ' he says.

A sampling of Swedish media comments shows that in Sweden Volvo is still not just any company - and Geely is not any buyer.

and allowing strategic purchases of foreign car assets, like the recent acquisition of Volvo by Geely.

Geely plans to build at least two car plants and an engine plant to make Volvos in the country.

In October, the US company named Geely, one of China's largest privately owned carmakers, as the preferred bidder for Volvo.

The news comes a few weeks after Geely, the No. 2 domestic automaker, reportedly made a bid for Ford's Sweden-based operation, Volvo.

And what happened a month ago was that the Chinese company, Geely, they acquired the Volvo company.

One of Goldman's private-equity arms Wednesday said it will invest $245 million in Geely through a convertible bond.

His new boss, Zhejiang Geely Holding Group Co. Chairman Li Shufu, is the voluble son of former farmers with a classic entrepreneur's rise.

Geely's negotiators returned to China over the weekend from Europe, where they held talks with Ford representatives.

Geely appears to have no difficulty funding its expansion.

Majestic Beilun Power Plant , large-scale Geely Automobile Factory reflects the charm of a modern enterprise.

But it also says Volvo will be able to sublicense some of Ford's technology to others, including Geely.

'We are delighted with the progress of our discussions with Ford, ' Li Shufu, founder and chairman of Geely, said in a statement.

Perhaps Geely's chairman, Li Shufu, should stop by Liu Chuanzhi's office in Beijing before his next jaunt out to Sweden.

Geely Automobiles and Dongfeng Motor group have both said they plan to start production of electric and hybrid vehicles by end of next year.

If Volvo's management is still dominated by non-Chinese executives, it will be harder for Geely to evaluate what is going on.

Geely executives visited Saab's Trollhattan headquarters in recent weeks, followed quickly by a bid for the Swedish automaker.

Volvo is premium, tasteful and low-profile, whereas Geely is a volume brand. We don't want to put the two together.

Similarly, Geely's 2007 net profit rose 51% on strong export demand, despite the company's failure to meet its annual sales target.

Geely's GE limousine first made international headlines for, well, being a complete clone of a Rolls-Royce Phantom.

However, a person briefed on details of Geely's offer described it as "an extremely good set-up for Volvo" .

In many cases, the naysayers are basing their judgment on Geely cars on the roads today, whose quality often leave a lot to be desired.

Geely, an independent automaker that has struggled to raise its profile in overseas markets, has long coveted a stronger foothold in Europe.

Another key ingredient of Geely's turnaround strategy for Volvo is to bolster the auto maker's image as a premium brand.

Geely's lack of global stature, and its past reputation for making low-end vehicles, could ding Volvo's reputation for quality.

The company says the car exemplifies "an aggressive and confident Geely" .

Geely partners also can take advantage of the resources to achieve international development goals.

He says he extended loans to Jack Ma's Alibaba Group and Li Shufu's Geely Automobile Holdings in the early stages of their business.

'Geely is Geely; Volvo is Volvo, ' he said.

Zhao convinced Li to invest at least 8% of Geely's revenue in product development.

The main concern is of course jobs, and whether Geely will keep a manufacturing base in Sweden.

Geely has just a 2. 9% share of China's auto market by sales and a 10th-place ranking.

A deal with either Saab or Volvo would certainly help Geely get a leg up on its domestic rivals.

For Geely , acquiring Volvo is both an extraordinary statement of intent and a huge gamble .

Shanghai Maple would be officially transformed into Englon division, as one of the three sub-brands of Geely-Gleagle, Emgrand and Englon.

Former CEO of Fiat Powertrain Technologies China, joins Geely , and is responsible for overseas projects.

Today's meeting at the Dearborn, Michigan, HQ may be dominated by the planned disposal of Volvo to China's Geely.

Geely intends to allow Volvo to operate with a high degree of autonomy, but cultural clashes are almost certain.

It will be a remarkable achievement for Geely if it bucks that trend.

He hopes that Geely will learn from Volvo's global experience, and from its ability to innovate, particularly in the area of safety.

Europe remains key 'to the developement of the global economy, ' says Li Shufu, chairman of Zhejian Geely Holding Group Co. , Ltd.

The parent company has said repeatedly that it planned to keep Volvo as a separate unit from Geely Auto.

The latest is Chinese automaker Geely, which recently made some noise buying Volvo and produced its version of the famous London cab.

The lack of confidence in Geely stems from its inexperience in running an international entity.

When it sold Volvo to Geely, Ford agreed to share engines and platforms with the Swedish brand to support its current range of vehicles.

A year ago, Zhejiang Geely Holding Group's bought Sweden's Volvo Cars for $1. 8 billion.

The current valuation of Geely is in-line with the market average but higher than its historical average.

Ford's decision to pick Geely as a preferred bidder indicates the new offer could face an uphill battle winning support.

Geely aims 100% ownership of Volvo. This is the bottom line of the negotiation between Li Shufu and Volvo.

That plant originally had been intended to produce Geely brand cars.

But Li Shufu, chairman of Geely, one of China's largest automakers, says the effect is predominantly psychological.

Li was responding to a news report Thursday that said Ford was in preliminary talks to sell Volvo to Geely.

In the late 1990s, as official restrictions began to ease, Mr. Li founded Geely.

The heads of terms agreement with Zhejiang Geely is likely to result in the first overseas production of the black cabs.

Geely Holding Group is preparing to bid for Volvo, the struggling Swedish firm owned by a similarly troubled Ford Motor Co.

Geely will complete all the negotiations about acquisition of Volvo and sign an agreement before Christmas.

That separation does not indicate, however, a reluctance on Geely's part to leverage Volvo in the world's largest emerging car market.

Ford names China's Geely preferred bidder for Volvo - Telegraph Ford believes China's Geely will be a good owner for Volvo.

Geely, remember, is not a state-owned company.

Geely, one of China's biggest privately owned auto makers, is expected to face tough challenges in absorbing Volvo.

IF OPPOSITES attract, Ford's sale of Volvo to a Chinese upstart, Geely, for $1. 8 billion ought to be a marriage made in heaven.

and, if Geely keeps its promises, it will retain its current management and its factories in Sweden and Belgium.

The head of the engineering union at Volvo Cars said Wednesday he had concerns about the Geely bid.

The next Chinese firm to face the test is automaker Geely, which recently purchased Volvo from Ford.

Geely, which is offering $2bn, might have second thoughts too.

Unions are already raising concerns that Geely will back away from Ford's commitment to keep Volvo production in Sweden.

In Cuba the Geely CK is now the car of choice for the police.

There is much to like about the deal, but Geely will need more than luck to make it work.

Li Qisheng is 24 and has spent two years working on assembly lines for Geely in Zhejiang province, south of Shanghai.

' He says the latest batch of new models reflects an effort to rapidly improve Geely's technical capabilities.

Chery and Geely, two other ambitious Chinese carmakers, have also recently delayed their planned entry to the US market.

Ford said it was "comfortable" with the transfer of intellectual property to Geely.

Beijing is thought willing to sanction the much bigger $1bn acquisition of Volvo by Geely, the big private Chinese automaker.

Geely, one of China's biggest privately owned auto makers, is expected to face tough challenges with Volvo.

A lack of global management skills and other shortcomings could make it tough for Geely to digest Volvo.

China's Zhejiang Geely Holding Group Co. awaits the results of its bid for Ford Motor Co. 's Volvo.

Others might wait to see if Geely can put Goldman's money to good use.

Geely's next planned step toward producing more reliable vehicles could be bidding for Sweden's Volvo.

Volvo executives and Geely Chairman Li Shufu are scheduled to present the new global strategy publicly in Beijing on Friday.

Out from under Ford's shadow, which sold it to China's Geely Automobile this year, Volvo garnered four top picks.

The Ministry of Commerce recently said it would help Geely finalise the acquisition.

The latest car to catch legal heat for the practice: Geely's GE, a remarkably obvious take on the Rolls Royce Phantom.

The takeover may help Geely take a step forward in competing with other homegrown brands.

Geely first expressed interest in acquiring the Swedish company more than two years ago, in January 2008.

A Russian car magazine recently crash tested the Geely CK at 40 mph and found that the driver and passenger had a 10% survival rate.

Similar questions -- if anyone now cared -- could apparently be asked of the Geely-Volvo deal.

Two people close to the Chinese company said these included price and Geely's future access to Ford's intellectual property.

Unlike state-owned carmakers, most of which are backed by powerful provinces, privately owned Geely needed to find its own sponsors.

Volvo's brand as a safe, reliable car could help dispel quality concerns about Geely cars.

Mr. Booth said that Ford and Geely signed separate agreements covering intellectual property to aid Volvo's current business plan.

The other was Geely could acquire technology that would strengthen its position back home.

He also gave thumbs up for Geely's ability to build an international team in a short period of time.

Wary of foreign acquisitions outside the favored resources sector, Beijing is probably unenthusiastic about a Geely offer.

Geely has a tie-up with Manganese Bronze, the London taxi maker, and is eyeing a move for Volvo.

Domestic auto maker Zhejiang Geely Holding Group Co. has its own Emgrand GE luxury auto aimed at China's wealthy elite.

The joint ventures include Zhejiang Geely Automobile Co. and Shanghai Maple Guorun Automobile Co.

But emulating Geely's pursuit of Volvo won't necessarily be as beneficial to Chinese predators or their potential prey.

One of them, Geely, has bought Sweden's Volvo, a brand with a small but faithful customer base in America.

Mr Zhao thinks Geely's cars can now pass the strict emissions and safety standards of the rich world.

It plans to launch more than two dozen models over the next two years, up from just three last year, a Geely official said in April.

The deal gave Geely a major foothold in the West, and has removed the pressure to develop in-house Geely designs for export.

Geely often takes the biggest stands at Chinese motor shows, filling them with both its prosaic current offerings and brash prototypes.

Although a Geely purchase would keep the brand alive, the Swedish government and Saab workers aren't overly excited about the prospect.

With Ford management's encouragement, Thornton started checking into Geely.

The likes of Li Shufu, who runs Geely, the car firm that has just bought Volvo (see article), are entrepreneurs, not bureaucrats.

Li Shufu, whose automaking group Geely will soon be the proud new owner of Volvo, personifies this burgeoning surplus in self-assurance.

Whatever Ford and Geely are saying, Volvo's technology will not stay ring-fenced for ever.

Ford Motor insisted on safeguards on the transfer of technology in its 2009 sale of Volvo to China's Geely Automobile.

The comments confirmed remarks made by Li Shufu, chairman of Geely and Volvo, at the weekend.

Now, the Taizhou-based Qianjiang Motor, Geely Automobile, Feiyue Sewing Machine are ranked amongst the top 100 of China.

More recently, the global recession has put a damper on Geely's exports.

Geely has vowed to keep its new acquisition's management autonomous and retain its plants in Sweden and Belgium.

The deal will follow talks between Geely and Ford in the US carmaker's Michigan headquarters held last Friday.

Geely said yesterday it expects to boost sales by 25 per cent this year as it introduces new models.

Two Chinese carmakers, Chery and Geely, are interested in buying Volvo from Ford.

Volvo, which is bigger and healthier than its Swedish rival, may be sold to Geely, China's biggest privately owned carmaker.

Many local manufacturers such as Geely and Chery Automobile have so far competed at the lower end.

But Freeman Shen, Geely's head of international operations, drew parallels with the growth of Japanese car companies in the 1980s.

Is Volvo Car a Chinese company, following its purchase by China's Zhejiang Geely Holding Group Co. ?

Now throw in Geely in automobiles. But beyond that , it 's slim pickings .

In general, the more expensive the better gifts, but are even numbers, rather than the singular, because the number of pairs of Geely.

This happened with the London taxis made by Manganese Bronze, which Geely part-owns.

Still, the potentially $2 billion Volvo purchase could be difficult for Geely to swallow.

Geely itself uses different figures in different statements.

Among the optimists is Geely Automobile, whose parent company is the preferred bidder to buy Volvo.

Geely, a private company, is looking at Ford' s Volvo operation.

On the left is Toyota (from Japan), and on the right is Merry (division of Geely), (from China).

For Shanghai, the person said Geely is seeking Chinese government approval to build a new Volvo car-assembly plant.

Geely has also attracted the attention of the private-equity world.

With Geely, 'we're writing a new chapter of Volvo. In a nut shell, I am very happy with the collaboration with Geely and Li Shufu. '

One defector is a former BYD store in Beijing managed by Pu Xiao Qiang, which switched to Geely.

It is dominated by local companies including Zhejiang Geely Holding Group and Chery Automobile Co.

While Geely is one of the best-known car brands in China, it hasn't generally been one of the most respected.

The Engine Manufacturing Branch Company of Zhejiang Geely Guorun Auto Co.

Geely referred questions to Freeman Shen, the Swedish carmaker's new head of China operations.

Motor analysts said acquiring Volvo technology made sense for Geely.

If Geely is to achieve its aim of nearly doubling Volvo sales to 600, 000 by 2015, it will need to be an active, not an absentee, owner.

Manage Geely Jiangnan automobile company.

Geely still faces significant obstacles to growth beyond China.

Geely is bidding with a group of investors.

Geely, for its part, plans to replace the King Kong with a significantly redesigned model called the Englon SC6 next year.

Geely is also considering building a factory to make Volvo vehicles in China, people familiar with its plans said.

Our goal is to reach an agreement with Geely, ' a Ford spokesman said.

Geely claims to have five new platforms under development and says it will launch an astonishing 42 new models by 2015.

some of the types of cars produced by Geely.

Volvo is premium, tasteful and low-profile, whereas Geely is a volume brand.

Ford risks losing a competitive edge by giving up these technologies to Geely.

like Dongfeng Motor Group and Geely Automobile Holdings.

And Geely, China's 10th-largest auto maker by sales, may find itself competing against another Chinese company.

People close to Geely had said it might open a stand-alone engine plant in China for Volvo, but Mr. Li ruled out that possibility.

the listed Geely Automobile Holdings unit has a market capitalization of about $500 million.

In March, Ford completed its exit from the luxury car market by selling Volvo to China's Geely Automobile for . 6 billion.

Taxis are also a lot more than before, in addition to the Jetta, and Volkswagen, Geely, Fox, and Lada, travel more convenient.

Car experts are far more impressed by Geely's pipeline than its existing lineup.

Volvo faced heavy jobs losses without the intervention of Geely.

His personal website bears 21 more, including one entitled: "Who could choose a clearer way than Geely? "

The GEELY right-hand driving car exported to Australia is demanded to add Immobilizer according to the local law.

Instead of making a bid for Volvo through Geely Auto, the privately held parent company made the deal.

Apart from the prestige and perhaps an enhanced reputation for safety, what is Geely hoping to get from the deal?

Quickly boosting Volvo's presence in China is a key piece of Geely's turnaround strategy for the brand.

The factory plans still are being evaluated by Geely and Volvo and require approval by the Chinese government.

It says Volvo will be run as an autonomous entity, headquartered in Sweden, at arm's length from Geely's manufacturing operations in China.

Yet there is a lurking suspicion that Geely's cars are not developed to the same the standards as Western ones.

The Geely GT grabs attention at the Shanghai auto show last month.

Geely plans to pay $1. 8 billion for Volvo, gaining its first significant international presence.

Mr. Li founded Geely in the late 1990s as China eased restrictions on private companies in the auto business.

Geely also lags behind BYD, which has rolled out the world's first plug-in hybrid.

We sure hope that chair is comfortable, because with only a 3. 5-liter V6 to power this house-size tank, speedy the Geely GE surely isn't.

Some also fear that he will ransack Volvo's intellectual property to boost Geely's less sophisticated cars.

Now, Geely is supposed to be preparing to buy Volvo, a much bigger outfit than Saab, from Ford.

So sales of the Geely Panda mini-compact car from his showroom grew when taxes rose at the end of last year.

In the era of the Ming and Qing Dynasties, the Datong area alone in the temple on buying, "Ni Wawa, " "doll" habits, in order to Geely.

Geely said that its chairman, Li Shufu, will become board chairman at Volvo after the sale.

For example, the acquisitions of IBM by Lenovo and of Volvo by Geely are the two most eye-catching instances.

Volvo's new owner has more financial muscle, especially considering Geely's backing from the Chinese government.

China is even remaking the iconic London black cab, which is now made in a joint venture with Geely.

Companies such as Chery, Geely and Great Wall eliminate much of their R& D expense by simply copying foreign designs.

With Geely's deal for Volvo, the soul-searching is starting anew.

Naysayers also may not have met internationally trained Geely managers like Zhao.

Thus far, Geely is known mainly for producing affordable small cars such as the Panda subcompact and the larger King Kong compact.

Geely has taken some sensible steps recently.

Will China's Government Be Another Hurdle For Geely's Volvo Bid?

They think Geely would run Volvo into the ground.

Matts Carlsson said it is in the interests of both Geely and the Chinese government to handle the situation with care.

Geely will have its hands full figuring that out.

Ford named Geely as preferred bidder in October.

The Hong Hong-listed Geely arm plans to use the money to fund its working capital as it expands.

The third production site Geely is considering is the northeastern city of Daqing, Mr. Li said.

While Volvo continues to have access to Ford technologies, Geely does not have any ownership rights.

The European luxury car maker Volvo was purchased by Zhejiang Geely Holding Group, an automaker that is relatively unknown outside of China.

We are confident Volvo hasa solid future under Geely's ownership.

Yet Volvo's revenues are five times greater than Geely's.

Geely is also interested in Volvo's technology.

Geely said that Chinese banks were supporting its bid.

So Geely, which makes low-end small cars in China, wins what it hopes will be a prize, and gets to move up-market with a classy brand.

He first joined Brilliance Automotive but jumped ship to Geely in 2006.

Geely has grasped the quality point.

Geely's bid, however, has apparently been pre-rejected by GM CEO Fritz Henderson, who is said to be leery of Chinese competition.

China's brightest hope in cross-border auto deals is Geely's plan to buy the prestigious but money-losing Volvo brand.

While export sales volume declined 49 per cent, revenues increased 85 per cent in Geely's home market.

Robust sales boost Geely's profit .

For Geely, Mr. Chin says, 'the driving motive wasn't to buy Volvo and conquer the world, but to buy Volvo and conquer the China market. '

Under the deal, Ford will get $1. 6 billion in cash and a $200 million note from Geely.

Persuading wealthy Chinese consumers to buy luxury cars from Geely could prove a tall order.

For the full year, Geely said it was targeting a 22 per cent growth in sales to 400, 000 units.

These, combined with Geely's clout in distribution, could help Volvo nearly double its sales to 600, 000 by 2015, Mr Li believes.

The second hurdle was Geely's evolving status.

Geely purchased Volvo for $1. 8 billion, including a $200 million note and the balance in cash, and named Jacoby.

Many automakers in China are loaded with ambition, but Geely Auto stands out even by Chinese standards.

She helped smooth relations with the Chinese government, whose support was vital for Geely, the people said.

Even if Geely could make the numbers add up, Volvo's no prize.

Geely's shares trade at 11. 5 times expected earnings, even after a 19% jump Wednesday on the Goldman investment news.

Geely is a fully integrated manufacturer of cars, motorcycles and scooters in China.

"There is room in China for a successful Volvo, " Mr. Dunne said. "But will Geely know how to make it go? "