Chinese automotive group Zhejiang Geely Holding has purchased almost 10% of Daimler, just weeks after becoming the largest shareholder in truck manufacturer AB Volvo. This latest move is part of a strategy by the Chinese firm to compete with technology companies such as Tesla, Google and Uber in the development of electric vehicles. Announcing the deal, Li Shufu, Geely’s founder and main owner, said: “No current car industry player is likely to win this battle against the invaders from outside […]
September 14, 2017 Emma Shone
Spar wholesaler James Hall & Co has bought eight new Volvos to serve more than 600 stores across the country.
September 26, 2017 Hayley Pink
Volvo Trucks plans to intensify its development of gas-powered HGVS aimed at the regional and long-distance trunking market.