Volvo puts IPO on hold as it prioritises product development
Volvo Cars will focus on product and vehicle development rather than rush a potentially ill-timed IPO, chairman Håkan Samuelsson said…
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VW in talks to manage, supply fleet for China’s Didi
The Volkswagen group is in talks to manage and supply part of Chinese ride-hailing company Didi Chuxing's fleet, it has…
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Volvo’s leasing revenues down by 30% in first quarter
Geely-owned Volvo reported a slowdown in revenue from subscription, leasing and rental business, which decreased 30% year-on-year during the first…
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Renault-Nissan joins Didi alliance in China
The Renault-Nissan-Mitsubishi Alliance has entered a collaboration with Chinese ride-hailer Didi Chuxing to develop mobility and financial services in the…
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China opens to foreign investment in financial services
The Chinese government has said it will open its financial services markets, including motor finance and leasing, to foreign investors.
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China’s Geely buys 10% stake in Daimler
China's Geely has indirectly bought a 9.69% stake in Daimler, worth $9bn (€7.2bn, £6.4bn).
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Ford partners with Alibaba for car retail in China
Ford has partnered up with e-retail giant Alibaba to explore opportunities in pre-sales, test drives and financial solutions in China.
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Volkswagen China ploughs $180m into AI startup, joins forces
Volkswagen Group China has invested $180m (£145m) into artificial intelligence start up Mobvoi, and entered a strategic partnership.
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