- Barrons.com•10 days ago
Total car sales in China grew 9% in December from a year ago, a slowdown from double-digit growth in previous months. Some of it is base effect with the car market receiving a boost in October 2015 when the Chinese government slashed sales taxes by half on small-engines cars. SUVs accounted for 40% of total car sales in China versus 29% in 2015 and 21% in 2014.
- Motley Fool•13 days ago
This new partner also comes in a familiar Swedish flavor, outside the Middle Kingdom.
- Reuters•last month
Volvo Cars has raised 5 billion Swedish crowns ($532 million) from a group of Swedish institutional investors, taking it a step towards a share market flotation nearly seven years after being bought by Chinese carmaker Zhejiang Geely Holdings. The investors have bought newly-issued preference shares that would have "an immaterial dilutive effect" on Geely's 100 percent ownership, Volvo said on Tuesday, while suggesting that the deal marks a milestone in its turnaround in Chinese hands after deep losses under previous owner Ford Motor Co.. "Today's move is another step towards Volvo Cars' long expressed ambition to act as a listed company," Volvo said in a statement.
0175.HK : Summary for GEELY AUTO - Yahoo Finance
Geely Automobile Holdings Limited (0175.HK)
HKSE - HKSE Delayed Price. Currency in HKD
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|Day's Range||9.15 - 9.44|
|52 Week Range||2.76 - 9.48|
|PE Ratio (TTM)||30.40|
|Dividend & Yield||0.00 (0.42%)|
|1y Target Est||N/A|