欧美日韩一二三,国产精品不伦视频

Geely Auto mulls M&A if timing is right

By Ding Qingfen and Tong Hao (chinadaily.com.cn)
Updated: 2009-03-10 16:22

Geely Auto, a major domestic carmaker based in Zhejiang, is considering mergers and acquisitions to boost its business when the timing is right, Chairman Li Shufu said on Tuesday.

"Our target will be those companies whose business is complementary to ours," Li said at the annual sessions of the Chinese People's Political Consultative Conference (CPPCC).

Geely Auto mulls M&A if timing is right

Mergers and acquisitions within the global auto industry are happening or will happen soon, according to Li, which provides a good opportunity for Geely. But he did not comment on the media rumor that Geely is planning to buy the Volvo brand from Ford.

Li also said Geely will invest 8 percent of its output value, or more than 1 billion yuan, in research and development in 2009, but that percentage is unlikely to grow in the near future.

Geely Auto predicts a sales increase of 25 percent this year in the domestic market.

Agenda

Key Documents

Backgrounder

国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Geely Auto mulls M&A if timing is right