Arab Today, arab today china\s geely to set up research centre
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

China\'s Geely to set up research centre

Arab Today, arab today

Arab Today, arab today China\'s Geely to set up research centre

Shanghai - AFP

Chinese automaker Geely, owner of Sweden\'s Volvo Cars, said it would set up a research and development centre in the Scandinavian country to capitalise on advanced European technology. The centre, to be located in Gothenburg where Volvo is headquartered, will start operations by the end of this year to design parts for the next generation of small family cars for both firms, Geely said in a statement on Wednesday. \"Our group has ambitious goals to increase the competitiveness of our brands,\" Geely chairman Li Shufu said. \"Geely will continue to improve its product quality in the years to come and can learn from Volvo Cars,\" he added. Li offered assurances the centre would not jeopardise Volvo\'s \"brand integrity\" and product development. Geely bought the firm from Ford in 2010. Both companies have started recruitment of around 200 engineers from China and Sweden to staff the centre, the statement said. Geely, one of China\'s largest private automakers, said earlier this month it had acquired the maker of London\'s black taxis for 11 million pounds ($17 million) after Manganese Bronze Holdings collapsed into administration. Geely recorded 15 percent annual growth in domestic sales to 483,000 vehicles in 2012 and has targeted 16 percent growth this year to 560,000 vehicles.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s geely to set up research centre Arab Today, arab today china\s geely to set up research centre

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s geely to set up research centre Arab Today, arab today china\s geely to set up research centre

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday