Li Shufu

China's Geely gears up for push into Europe, U.S.

April 21, 2015 08:38 CET

Chinese automaker Geely plans to build a small SUV late next year that will go on sale in China in early 2017, several European markets a year or so later, and eventually the U.S., sources said. For export to Europe, the SUV will initially be a plug in hybrid because Geely wants to be seen as a maker of affordable high-tech cars rather than just a cheap Chinese brand....
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YANG JIAN

BLOG: With Volvo's help, Geely goes upscale

4:31 am U.S. ET | March 27, 2015

Zhejiang Geely Holding Group launched sales last week of its new flagship car, the GC9 midsize sedan, which is the first product developed by the Chinese automaker with the support of Volvo....
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Volvo counts on high-cost Sweden for crucial XC90

Aug. 26, 2014 06:01 CET

Volvo is sticking to its Scandinavian roots with its first model since being acquired by Chinese owners four years ago. Rather than chase low wages, Volvo will build the new XC90 SUV in Sweden, where auto workers get about $62 an hour....
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Volvo CEO on new XC90: 'There is no second chance'

Aug. 18, 2014 15:00 CET

The new XC90 is crucial to Volvo's bid to close the sales gap with German premium rivals BMW, Mercedes and Audi. "There is no second chance," Volvo CEO Hakan Samuelsson said....
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China needs Europe-like open competition, Volvo Chairman says

Aug. 18, 2014 13:46 CET

Volvo Chairman Li Shufu says China should stop trying to hinder competition in the world's largest automaker. "It's best if it's completely open, like in the U.S. and Europe; whoever wants to produce cars can do it," Li said....
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Volvo plans to export China-made cars to U.S., Russia next year, executive says

June 17, 2014 11:26 CET

Volvo plans to start exporting Chinese-made cars to the United States and Russia as early as next year, a company executive said. The S60L sedan will be exported to the United States and the XC90 SUV to Russia....
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