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Volvo Cars is cutting several hundred jobs according to Swedish radio, which cited sources for the information. The automaker, whose amount of workers has more than doubled during the past
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Daimler AG is close to the sale of a 50 percent stake in its small-car brand Smart to China’s Geely Automobile Holdings, the Financial Times stated on Tuesday, mentioning three
Daimler Chief Executive Dieter Zetsche on Wednesday stated the automaker is in talks about expanding its cooperation with China’s Geely, even as German politicians draw up ways to safeguard the
China’s most high-profile and successful automaker worldwide, Geely, is forecasting flat sales for 2019, a sharp slowdown from last year as the country’s giant auto market is having a hard
Li Shufu, the founder and main owner of China’s Geely, is not seeking impact over Daimler’s strategy through representation on its board after building up a stake of nearly 10
Chinese auto group Geely will boost its stake in Denmark’s Saxo Bank to 51.5 percent where as Finland’s Sampo Oyj will take a stake of 19.9 percent, Saxo stated on
Lynk & Co may have just flaunted its first tech-laden car half a year earlier, however it’s already set for a follow-up … and after that some. The Geely-owned brand
China’s Geely Automobile Holding, whose unlisted parent controls Volvo, on Wednesday stated net profit more than doubled in last year, the most significant increase in 8 years as sales of
A Swatch-backed vehicle battery developed by research firm Belenos will take another 2 to 3 years to certify, Swatch CEO Nick Hayek stated in an interview with broadcaster SRF on
Geely Auto Holdings, the owner of Volvo cars, prepares to present its mid-priced Lynk & Co brand in the United States and Europe during the start of 2019, however alerted
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