Zhejiang Geely

Coronavirus seriously stalling global auto industry

Like it has in many other industries, the coronavirus is affecting the global automotive industry, and the repercussions are fluid. Here’s a round-up of some of the issues in the car industry as COVID-19 spreads throughout the world, with its reach to more than 50 countries: * The Geneva Auto Show, scheduled to begin March 2 for the media and March 5-15 for the public, has been canceled due to concerns about the coronavirus. Annually among the most important car shows, the event was canceled because the Swiss government has banned gatherings of more than 1,000 people to prevent the spread of the virus. The show will not be rescheduled for this year. Switzerland has tested hundreds of people and

Read more

Geely expands, signs exclusivity deal with Saudi Arabia

Haji Husein Alireza and Co. Ltd. (HHA) has launched China’s Geely & Geely Emgrand cars in Saudi Arabia as the manufacturer's exclusive dealer following the the initial agreementat completed the recent Shanghai International Auto Show in China. "We have put our capabilities and vast experience in our quest to get the dealership of Geely & Emgrand cars for Saudi Arabia after we conducted an in-depth study to show the demand for and future of this brand in our local market,” Ali Alireza MD, HHA, said at the recent launch event, which was attended by senior executives of the two companies in Jeddah. "We have succeeded in our quest and become the exclusive dealer for this important brand in Saudi Arabia,"

Read more

China's Hawtai invests in Spyker to prevent Saab's demise

Hawtai Motor Group of China seeks to invest about $220 million in exchange for stock to the Dutch carmaker Spyker in order for its Swedish brand Saab to continue plans for its 9-3 to be made in China beginning in 2013. A privately-owned Chinese carmaker, Hawtai makes SUV and passenger cars. Founded in 2005, it’s owned by Zhang Xiugen, among the country’s wealthiest entrepreneurs. Spyker took over Saab about a year ago from General Motors, although GM retains stock. Hawtai will now own about 30 percent of Spyker. Saab’s production has ceased in recent weeks after suppliers stopped delivery of parts because of unpaid bills. The Hawtai deal is the second time a Chinese company has invested in a Swedish

Read more