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Zhejiang Geely Holding Group (Geely) has completed the formation of two new joint ventures with Volvo Cars to co-operate on automotive technologies, purchasing and the future development of the newly-launched Lynk & Co brand. Volvo […]
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Proton-Geely cooperation targets production volume of 280,000 units – exports to China and Southeast Asia
The government is targeting the Proton-Geely partnership to have a production volume of about 280,000 units, with a large chunk of this set for the China and Southeast Asian markets, Bernama reports. Second minister of […]
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Volvo to set up joint venture tech company with Geely to share platforms, engines; buys stake in Lynk & Co
It’s been seven years since Volvo was bought over by Geely, but the two companies are finally coming together to facilitate greater technology sharing between each other. Plans have been announced for a new joint […]
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Geely purchases flying car company Terrafugia: report
It would appear flying cars are the next big thing to follow autonomous driving, with companies such as Airbus and Uber making public their intentions to develop in that area. Start-up company Terrafugia has been […]
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Proton’s plan under Geely – return to profit “as soon as possible,” focus on Malaysia, ASEAN markets first
It’s still early days in Proton’s partnership with Geely, but the latter already has a few rough ideas of what it has in store for the Malaysian carmaker. The most pressing part of the agenda […]
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No plans to introduce Geely brand in ASEAN – Proton will focus on the region as a right-hand drive hub
With the formalisation of the partnership between Proton and Geely today, questions were raised on the roles that Proton and Geely brands will play, both in Malaysia and the region. Geely chairman Li Shufu made […]
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Proton-Geely FSP deal in detail – what DRB-Hicom, Geely and the Malaysian government will be getting
Now that the definitive agreement for the Proton-Geely partnership has been signed, DRB-Hicom has revealed more details about Proton’s turnaround plan. On hand to feed the information to the media was Datuk Sri Syed Faisal […]
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Proton to act like Skoda, Geely as Volkswagen – no conflict of interest despite similar brand positioning
During a press conference following the signing of the definitive agreement of the Proton-Geely partnership, a question was raised if there would be any conflict of interest between Proton and Geely, given the brand positioning […]
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Geely Boyue SUV makes first Malaysian appearance
This morning saw Proton and Geely sign a Definitive Agreement that will see the Chinese company take up a significant stake in the Malaysian carmaker, and its Lotus subsidiary. The signing ceremony in Kuala Lumpur […]
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Geely to turn Malaysia into regional hub for Volvo
According to the second international trade and industry minister Datuk Seri Ong Ka Chuan. Zhejiang Geely plans to use Malaysia as a hub to assemble Volvo cars for the ASEAN market by 2022. In the […]
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New Proton Satria Neo based on Geely GS rendered!
Click to enlarge Rendering maestro Theophilus Chin has just released these images, showing a possible new Proton Satria Neo based on the Geely GS Sport. In all likelihood, chances of a new Proton three-door hatchback […]
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DRB-Hicom will continue to manage and lead Proton
Zhejiang Geely‘s acquisition of a 49.9% equity stake in Proton will not change the way the automaker is run, with the management of the national carmaker continuing to be led and overseen by its parent […]
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Geely’s revitalisation of Volvo augurs well for Proton
Zhejiang Geely offered an insight into the company’s background at the announcement of the Proton-Geely deal yesterday, and one of the presentation slides made note of Volvo Cars and of its revival and current growth, […]
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Proton-Geely FSP: Volvo assembly in Tanjung Malim?
Earlier today, DRB-Hicom announced that it had reached an agreement with Zhejiang Geely for the Chinese carmaker to acquire a 49.9% equity stake in Proton. Both parties expect to sign the definitive agreement for the […]
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Proton to be acquired by China’s Geely; deal includes purchase of 49% stake plus takeover of Lotus – report
After more than a year of speculation, it has emerged that Geely has agreed to purchase a 49.9% stake in Proton, according to a report by Reuters. Sources told the news agency late yesterday that […]