Filed under: China, Volvo, Geely
Geely and Volvo will finally team up for a jointly developed vehicle, more than three years after the safety-minded Swedish brand was gobbled up by Geely’s parent company, according to a report in Automotive News Europe. The story quotes Geely’s CEO, Gui Sheng Yue saying, “We have entered into actual research and development stage and I believe we can see the new product in the year after next.”
That means 2015, which is a mighty ambitious timetable to bring a vehicle to market. But as Geely’s CEO explains, life isn’t going to get any easier in the Chinese market, “Competitive pressure on domestic brands in the China market should increase considerably in the coming years as most major international brands are strengthening their presence,” he told ANE. Those statements also tell us that we shouldn’t expect to see Geely on American shores any time soon. The brand is simply too focused on topping the Chinese market, at least among CDM brands.
Geely to release models developed with Volvo in 2015 originally appeared on Autoblog on Thu, 22 Aug 2013 18:33:00 EST. Please see our terms for use of feeds.
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A new report from the The Wall Street Journal claims that the Department of Transportation is blocking the release of National Highway Transportation Safety Administration findings on the Toyota unintended acceleration issues. According to the article, NHTSA has compiled all the relevant information and written a report on its findings, but George Pearson, the former head of the agency’s recall division, says that he was told that the Transportation Department doesn’t want the information released. Why? Pearson didn’t say, but the Journal seems to think that the information could add fuel to the argument that NHTSA is too close to automakers.