国产人人色I色婷婷综合久久中文字幕雪峰I奇米色777欧美一区二区I久热久热aV爽青青在线I国产av喷水I国产伦精品一区二区三区免.费I高潮av在线Iww欧美一级I91天天看I黄a在线91I九一无码中文字幕久久无码色…I丰满国产精品视频二区

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.
 
 Photos