Swedish automobile manufacturer Volvo has signed a loan agreement of €922m with China Development Bank to pay back present loans. The loan with maturity in 2020 is considered to be the first step of the agreement and is expected to ...
Tags: automobile manufacturer, Volvo, automobile, loans
Chinese carmaker Zhejiang Geely Holding has signed three technological cooperation agreements with Volvo Cars. The deals will allow Zhejiang to use some technologies Volvo plans to phase out in the next two years. As per the ...
Tags: Geely, Volvo, technological cooperation agreements, Li Shufu
Swedish car maker Volvo Car is planning to build a $247m car plant in Brazil and build about 15,000-20,000 cars annually in the country. The final decision depends on Brazil's approval of the final details about auto-industry rules that ...
Tags: Volvo, new car plant, Brazil
Swedish carmaker Volvo has handed over the production of its XC90 to Chinese car company Geely to develop another high-end brand in China. Volvo's new XC90 is expected to be launched in 2014, in the interim Geely procures the P2 platform ...
Zhejiang Geely Holding has received an approval from the Chinese Ministry of Industry and Information Technology (MIIT) to build a new $631m passenger automobile plant in Chengdu, China. The new plant will manufacture Volvo cars and is ...
Tags: Zhejiang Geely, MIIT, Chengdu plant
Swedish carmaker Volvo is planning to invest $11bn to develop new products and increase its manufacturing presence in the next few years. The company aims to acquire 20% of China's premium auto market by 2015 and to increase Chinese ...
Tags: Volvo, invest, product development
The Chinese-built Geely MK small car has been recalled in Australia after asbestos was found inside two of the vehicle's engine components. All three of Australia's cut-price Chinese passenger vehicle brands have now been involved in an ...
Egyptian automobile firm Ghabbour Auto (GB Auto) has opened the new revamped Prima Automotive Assembly Plant in Egypt. GB Auto claims that the revamped facility is the first in first in Middle East and North Africa (MENA) to include fully ...
Tags: Ghabbour, Assembling Facility, Egypt
Manganese Bronze, the maker of the iconic black London taxi cab, has reported a £3.9m hole in its accounts caused, it says, by a software fault in its accounting systems. As a result, it has put back the release of its unaudited ...
Tags: Manganese Bronze, bronze, taxi cab, cab