Geely to Develop Vehicles With Volvo for Delivery in 2015
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Geely Automobile Holdings Ltd., whose Chinese parent bought Volvo Cars in 2010, will start selling vehicles jointly developed with the Swedish company in 2015 as it competes with foreign brands at home.
“We have entered into actual research and development stage and I believe we can see the new product in the year after next,” Geely Chief Executive Officer Gui Sheng Yue told reporters yesterday at a briefing in Hong Kong, without elaborating on the new model.