Search results
Results from the WOW.Com Content Network
On 28 October 2009, Ford named Geely the preferred buyer of Volvo Cars. [13] [14] On 23 December 2009, Ford confirmed that all substantive commercial terms for the sale to Geely had been settled. Geely signed a deal with Ford to acquire Volvo Cars for $1.8 billion on 28 March 2010 and closed the deal on 2 August 2010. [6]
Geely transferred its 11.3% stake in Zeekr Intelligent Technology (Zeekr) to Geely Automobile Holdings (Geely Auto), increasing Geely Auto's ownership in Zeekr to 62.8%. [ 47 ] [ 48 ] Zeekr then acquired a 20% stake in Lynk & Co from Geely Auto for 3.6 billion yuan and an additional 30% from Volvo Cars for 5.4 billion yuan, securing a 51% ...
The brand was launched with three production models, all based on the Compact Modular Architecture (CMA). [51] In August 2017, ZGH, Geely Automobile Holdings and Volvo Car Group signed an agreement at Geely Auto's Hangzhou Bay R&D Center to establish the Lynk & Co joint venture. Geely Auto controls 50% of Lynk & Co, Volvo Cars held 30%, and ZGH ...
In February, Geely's Hong Kong-listed unit Geely Automobile and Volvo Cars scrapped plans to merge. ... Hangzhou-based Geely, which also owns a 9.7% stake in Daimler, said earlier this year it was ...
Geely and Volvo on Wednesday said they had decided to preserve their existing separate corporate structures after "a detailed review of combination options" but would launch a new company to ...
Ford Motor (F) announced Monday that it has completed the sale of Volvo, its Swedish unit, to China's Zhejiang Geely Holding Group. Geely put up $1.3 billion cash for Volvo and issued a note worth ...
Lynk & Co (Chinese: 领克; pinyin: Lǐng kè) was a brand jointly owned by Geely Auto, Volvo Cars and Zhejiang Geely Holding that was established in 2016. [40] Before November 2024, it was owned 50% by Geely Auto, 30% by Volvo Cars, and 20% by Geely Holding Group, and currently 51% owned by Zeekr and 49% owned by Geely Auto.
Geely bought the Swedish brand 10 years ago for $1.8 billion - a deal that raised its international profile and sent shockwaves through the global auto trade. Fuelled by Volvo, China's Geely seeks ...