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Geely Automobile Holdings' profits more than doubled in 2017, driven by strong domestic sales of popular SUVs.
Volvo and Autoliv's self-driving partnership is stepping up plans to dominate autonomous systems with talks to win customers other than the Swedish automaker's Chinese parent Zhejiang Geely.
Last summer, after Automotive News reported that Fiat Chrysler Automobiles had a Chinese suitor, FCA said it had had no contact with Zhejiang Geely Holding Group Co.
Daimler CEO Dieter Zetsche chats auto industry disruption with his new top shareholder, Geely founder Li Shufu.
Geely Chairman Li Shufu last month became Daimler's top shareholder, a move he says is driven more by the cachet of Germany's storied auto brand. He speaks here about the $8.6 billion investment.
Executives at Daimler and Volvo question the viability and industrial logic of a plan by their major shareholder, China's Geely, to form an auto industry alliance to counter "tech invaders."
Fiat Chrysler, which held talks with Geely about a potential takeover, would be ready to discuss interest from any suitor only after completing a growth plan this year, CEO Sergio Marchionne said.
Li Shufu, chairman of Chinese carmaker Geely, is making waves in the global auto market after buying a $9 billion stake in Daimler.
Volvo could build cars for Lynk & CO in Belgium and may also extend its European service and logistics infrastructure to the new brand, Volvo CEO Hakan Samuelsson said.
About a decade after Chinese billionaire Li Shufu bought the Volvo Car nameplate from Ford and revived the brand, he's turning his attention to the separately owned Swedish company's heavy vehicles.
Li Shufu has made Zhejiang Geely Holding Group a true mover and shaker on the global stage, a first for a Chinese car manufacturer.
Few Westerners know more about the Chinese auto industry than Michael Dunne.
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