Latest Zhejiang Geely Holding Group Co. Ltd. Stories

2010-08-02 05:01:00

HANGZHOU, China and GOTHENBURG, Sweden, Aug. 2 /PRNewswire-Asia/ -- Zhejiang Geely Holding Group Co., Ltd. ("Geely Holding Group"), one of the fastest-growing car manufacturers in China, today announced it has completed the acquisition of 100 per cent of Volvo Car Corporation ("Volvo Cars") from Ford Motor Company. Geely also announced that Stefan Jacoby, the Chief Executive of Volkswagen Group of America, would become President and Chief Executive Officer of Volvo Cars. Li...

2009-12-23 05:22:00

HANGZHOU, China, Dec. 23 /PRNewswire-Asia/ -- Zhejiang Geely Holding Group Co., Ltd. (ZGH), a privately-owned Chinese automotive group, today announced it has settled all substantive commercial terms with Ford Motor Company relating to the proposed acquisition of Volvo Car Corporation. Geely, one of the fastest-growing car manufacturers in China, now expects to sign a definitive stock purchase agreement with Ford in the first quarter of 2010, paving the way for potential completion...

Word of the Day
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.