The parent company of Volvo, China’s Geely, is set to acquire a majority stake of Lotus Cars as well as its current parent, Malaysia’s Proton. A 49.9 percent share of Proton and a 51 per cent stake of Lotus will be acquired by Zhejiang Geely Holding, with a press release […]
Geely
Geely spotted testing MPV prototype in Australia
Chinese carmaker Geely has been spotted testing a mid-size MPV prototype in Australia, potentially hinting at a local introduction further down the track. It’s understood the prototype is being tested through the Geely-owned subsidiary Drive Systems International (DSI), which is based in Melbourne, near where this prototype was spotted earlier […]
Lynk & Co 01 revealed, from new Geely sub-brand
Geely, the Chinese company that owns Volvo, has released details of its new sub-brand called Lynk & Co, as well as images and details of its first hybrid creation dubbed the ‘01’. Geely says Lynk & Co is a brand for the global market, with its first creation, the aptly-named […]
Volvo parent company Geely to launch new ‘L’ brand vehicle range
Geely, one of China’s pre-eminent automotive brands that acquired Volvo in 2010, is set to launch a new sub-brand dubbed ‘L’, with a line of vehicles based on Volvo models. Since the acquisition, the Swedish brand has benefited from an enormous cash injection, culminating in the development of the Scalable […]