The China Post – Chinese car maker Zhejiang Geely Holding has officially ┬ásigned a deal on Sunday to buy the┬átroubled Volvo brand from U.S. auto giant Ford, China’s state media reported. The deal was sealed at a ceremony at the Volvo headquarters in Sweden, the official Xinhua news agency said. Ford announced in December that… Read More

We’ve witnessed copycat designs coming out of China for some time now, and it appears that Chinese automakers aren’t finshed yet. China Automobile France has recently started selling its KIFF in Europe. The KIFF is a buggy-like vehicle that bluntly copied the design of the Jeep Wrangler. First shown at the 2008 Paris Motor Salon… Read More

Volkswagen and Chinese automaker BYD (Build Your Dreams) have signed a memorandum of understanding in order to explore the possibilities of creating future hybrid and electric vehicles together. Should the partnership sow any advanced models, each brand would likely benefit greatly, given their respective assets. In the case of BYD, the manufacturer potentially offers Volkswagen… Read More

Chery Automobile Corp. has reportedly received government approval to seek ownership of Ford’s money-losing Volvo brand, a top economist at China’s National Development and Reform Commission (NDRC) leaked to the Oriental Morning Post. Chery Auto, along with fellow Chinese companies Dongfeng Motor, Changan Auto and Geely, have all reportedly been eyeing the Swedish brand, which… Read More