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Li Shufu
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Volvo CEO: Luxury car clashes with image
… Zhejiang Geely Holding Group Co. purchased the Swedish automaker from Ford Motor Co. for $1.5 billion. Geely Chairman Li Shufu suggested Volvo should compete directly with BMW, Mercedes and Audi. But Volvo's CEO at the time, Stefan Jacoby …
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Volvo CEO says making S-class rival would contradict brand's image
… Co. purchased the Swedish automaker from Ford Motor Co. for $1.5 billion (9.3 billion yuan). Geely Chairman Li Shufu subsequently suggested that Volvo should compete directly with BMW, Mercedes and Audi. But Volvo's CEO at the time …
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Volvo wins approval to produce in China, report says
… chances of rejection are negligible, said one of the people. The approval is a long-awaited step for Geely Chairman Li Shufu , who bet he'd have an edge in his home country when he bought Volvo in 2010, only to find the Chinese government subjected …
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Volvo said to win China approval to begin local car production
… southwestern Sichuan province. The approval is a long-awaited step for Zhejiang Geely Holding Group Co.'s Chairman Li Shufu , who bet he'd have an edge in his home country when he bought Volvo in 2010 from Ford Motor Co., only to find the …
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Billionaires list confirms it: There's money in the car biz
… Jianjun ($5.3 billion), chairman of Great Wall Motor; Wang Chuanfu ($2.3 billion), chairman of BYD; and Li Shufu , who heads Geely-Volvo ($2.2 billion). One Korean made the list: Chung Eui-San ($2.2 billion), the eldest …
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Geely to invest 116 million euros in cab maker
… Manganese Bronze Holdings in the next five years as part of plans to turn the company profitable. Zhejiang Geely Chairman Li Shufu announced the investment plan, which will see Manganese Bronze export its black cabs to other countries, according to …
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Sources say Geely leads in fight for Fisker
… all, with Geely we're dealing with one decision maker," the source said, referring to its founder and chairman, Li Shufu . Geely also "can move fast" in making decisions, unlike Dongfeng, with its multilayered decision-making structure …
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Volvo, Geely will establish joint RandD center in Sweden
… Geely will set up a joint research and development center in Sweden to produce technology for new cars. Geely Chairman Li Shufu said the center, based in Volvo's western Swedish hometown of Gothenburg, would help Geely improve the quality of …
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Geely leads China bids for Fisker, report says
… Geely we're dealing with one decision maker," the source said, referring to its charismatic founder and chairman, Li Shufu . Geely's Li is also deemed a better suitor due to his experience in making cross-border acquisitions. In 2010 …
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Geely leads China bids for Fisker, report says
… Geely we're dealing with one decision maker," the source said, referring to its charismatic founder and chairman, Li Shufu . Geely's Li is also deemed a better suitor due to his experience in making cross-border acquisitions. In 2010 …
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Geely rescues London black cab maker
… China-made components and body parts. The purchase will help Zhejiang Geely, the closely held automaker headed by Li Shufu , speed up its expansion following the purchase of Volvo Cars in Sweden. "We are determined to restore the fortunes …
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Why Jacoby was ousted at Volvo? One theory
… departure aren't difficult to find. For instance, Jacoby, 54, had deep philosophical differences with Geely founder Li Shufu over Volvo's long-term direction. Shortly after Geely acquired Volvo from Ford Motor Co. in 2010, Li suggested …
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Truck man aims to get Volvo back on China road
… Volvo sees as a clear market opportunity to exploit the massive potential of a growing middle class in China. Geely owner Li Shufu , known as "Chairman Li" among Volvo executives, has supported ambitious plans for investment of about $11 billion …
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Volvo replaces CEO Jacoby to boost sales in China
… chief executive. Samuelsson replaces Stefan Jacoby who has been on medical leave since suffering a stroke last month. Li Shufu , chairman of Volvo's owners, Zhejiang Geely Holding Group, said in a statement: "I see big possibilities for Volvo …
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China boom sparks an auto billionaires club
… supplier of chassis components: $4.1 billion. Wei Jianjun, 48, chairman of Great Wall Motor Co.: $2.8 billion. Li Shufu , 49, chairman of Geely Group, owner of Volvo Car Corp.: $1.8 billion. Wang Chuanfu, 46, CEO of BYD Co …
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China's automakers find new success at making better cars
… forecasts its export volume will hit as high as 300,000 or possibly 400,000. "My vision," said Geely Chairman Li Shufu , "is to sell outside China the same number of cars we sell within China."
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China automakers look overseas as local slowdown frees capacity
… to gain advanced technology from Volvo to improve and differentiate its cars. "My vision," Geely and Volvo Chairman Li Shufu told Reuters, "is to sell outside China the same number of cars we sell within China." Geely this year is aiming to …
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Volvo has big plans for China
… Shen said Volvo has no plans to export China-built cars within the next five years. Said Zhejiang Geely Chairman Li Shufu in an interview with Bloomberg this month: "We are going to make huge investments into development and facility construction …
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Volvo has big plans for China
… Shen said Volvo has no plans to export China-built cars within the next five years. Said Zhejiang Geely Chairman Li Shufu in an interview with Bloomberg this month: "We are going to make huge investments into development and facility construction …
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Volvo says it plans to add 10 new models in China
… We are going to make huge investments into development and facility construction in China," Zhejiang Geely Chairman Li Shufu said in an interview in Beijing today. "I believe Volvo will meet its growth target in the world as well as in China …
