#Geely
Sweden Wants This Man To Save Saab
He (silver grey tie) is Li Shu Fu, Chairman of Geely, and owner of Volvo. A few days ago, we reported that Saab’s Russian rescue by Vladmir Antonov is running into flak from Brussels, and that Victor Muller is looking to China. To a niche player in China, no less. Victor Muller thinks he will maintain more independency that way. Dream on. If a Chinese buyer buys a foreign brand, then for getting credibility in the export market. That is Geely’s play with Volvo.
![Bertel Schmitt](https://cdn-fastly.thetruthaboutcars.com/media/profile/2022/07/20/32231_1.jpg?size=50x50)
Quote Of The Day: Killer Instincts
![Bertel Schmitt](https://cdn-fastly.thetruthaboutcars.com/media/profile/2022/07/20/32231_1.jpg?size=50x50)
Lu Hu! Land Rover Sues Chinese Government
The first thing I ask any company that wants to do anything in China is: “Did you register your trademark?” Usually, they did not. I either help them registering it (costs around $1,000). If they refuse, I won’t work with them. It would be a waste of time. All too often someone else in China sees a value in that trademark. Being a “first to file” country, anybody can file any trademark in China that isn’t already filed – in China. Getting your trademark back is a long, expensive, and often hopeless case.
Ignorance takes another victim: Land Rover.
![Bertel Schmitt](https://cdn-fastly.thetruthaboutcars.com/media/profile/2022/07/20/32231_1.jpg?size=50x50)
Geely Beats GM – In On-Line Sales
When GM tried to sell cars via eBay, 45 cars were sold in the first nine days. A month later, the idea was abandoned. Is the idea dead? Not in China.
![Bertel Schmitt](https://cdn-fastly.thetruthaboutcars.com/media/profile/2022/07/20/32231_1.jpg?size=50x50)
Geely Goes On-Line
GM’s attempt to sell cars via eBay resulted in 45 cars sold in the first nine days. A month later, the idea was abandoned. I wonder why. A few weeks ago, Kia said they would try eBay. No word yet on any results. Now, China’s Geely joins the on-line fray.
![Bertel Schmitt](https://cdn-fastly.thetruthaboutcars.com/media/profile/2022/07/20/32231_1.jpg?size=50x50)
Guess Where The Other Volvo Factory Will Be. You Are Getting Close ...
Stefan Jacoby, CEO of bought-by-Geely Volvo needs to bring down the cost of Volvo’s European-made cars.
So where will the new Volvo factories be? You have two tries.
China? Check. Volvo might actually open three factories in China, Stefan Jacoby said recently in Stockholm. Details should be forthcoming within the next weeks.
Ok, now for another country …
![Bertel Schmitt](https://cdn-fastly.thetruthaboutcars.com/media/profile/2022/07/20/32231_1.jpg?size=50x50)
Volvo To Make Cars Out Of Batteries
Volvo, now in the hands of China’s Geely, may revolutionize the way electric and hybrid cars are built. Currently, you have to shove a big honking battery into an electric car, and a simple honking battery into a hybrid. This adds weight, and obesity is a killer when in come to mileage. Volvo, working with the Imperial College in London has a wild idea: Why not dispense with the big honking battery and use the whole auto body to store electricity. Say what?
![Bertel Schmitt](https://cdn-fastly.thetruthaboutcars.com/media/profile/2022/07/20/32231_1.jpg?size=50x50)
Geely Joins Alibaba's Treasures
Now that Geely has bought Volvo, their founder and chairman Li Shufu is seeking a new challenge. He’s going virtual.
Geely plans to sell cars specially designed for Internet sales at Alibaba, China’s biggest online marketplace, reports state news agency Xinhua.
![Bertel Schmitt](https://cdn-fastly.thetruthaboutcars.com/media/profile/2022/07/20/32231_1.jpg?size=50x50)
Geely Is In A Hurry With Volvo
With the Volvo sale from Ford to Geely finally closed and consummated, Geely is losing no time, both in Sweden and in China.
In Sweden, Geely will “pursue investment opportunities” (read: buy other companies in part or in whole), reports Gasgoo, citing sources from the Ministry of Commerce (MOFCOM). When MOFCOM gets involved, then we are talking sizeable deals. According to the report, Geely intends to cooperate with Swedish companies in several sectors, including green cars, alternative fuels, and hybrid technology. Stefan Ostling, an auto project manager from Invest Sweden, says that Geely has already completed tie-ups with Swedish auto technology consulting firms like Semcon and HiQ through equity participation and acquisitions.
![Bertel Schmitt](https://cdn-fastly.thetruthaboutcars.com/media/profile/2022/07/20/32231_1.jpg?size=50x50)
New Volvo Boss Wants A Bentley
![Bertel Schmitt](https://cdn-fastly.thetruthaboutcars.com/media/profile/2022/07/20/32231_1.jpg?size=50x50)
Geely: We Don't Need Any More London Taxi
A bit more than a week ago, we reported that Geely might want to raise its stake in the London black cab builder Manganese Bronze from currently 20 percent to more than 51 percent. Ok, story, sit over there under the sign that says “Chinese stories, not happening.”
![Bertel Schmitt](https://cdn-fastly.thetruthaboutcars.com/media/profile/2022/07/20/32231_1.jpg?size=50x50)
Ni Hao, Guv'nor: London Taxi Moving To China
With all the hubbub over Volvo, it’s easy to forget that Geely already owns a foreign carmaker: Managnese Bronze, the company that makes London’s iconic black-cabs. Well, Geely doesn’t “own” Maganese, they hold a 19.97 percent share. That is about to change.
![Bertel Schmitt](https://cdn-fastly.thetruthaboutcars.com/media/profile/2022/07/20/32231_1.jpg?size=50x50)
Done Deal: Volvo Is Chinese
Did we say last Thursday that the sale of Volvo from Ford to Geely „could close as soon as next week?” Did I believe it? Did I live in Chine for six years? Honestly, there was an element of surprise when, this Beijing afternoon, my inbox made that noise and there was an email from Ford, titled “Ford Motor Company Completes Sale of Volvo to Geely.” The deal is closed. Volvo is Chinese.
![Bertel Schmitt](https://cdn-fastly.thetruthaboutcars.com/media/profile/2022/07/20/32231_1.jpg?size=50x50)
Volvo Could Be Chinese By Next Week. Maybe
Things did quiet down since March after Geely signed the contract to buy Volvo from Ford. A lot of people think Geely already owns Volvo. Geely doesn’t own Volvo until the deal is closed. But Geely might own Volvo as early as next week.
![Bertel Schmitt](https://cdn-fastly.thetruthaboutcars.com/media/profile/2022/07/20/32231_1.jpg?size=50x50)
Changan's Engineering Moves To Nottingham, Volvo's To Shanghai
China’s Changan (joint venture partner of Ford, Suzuki and PSA) wants to draw on British engineering know-how and established a research-and-development center in Nottingham, England.
![Bertel Schmitt](https://cdn-fastly.thetruthaboutcars.com/media/profile/2022/07/20/32231_1.jpg?size=50x50)
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