Mexican Media Brands
Geely Reports 32% Profit Surge
Geely Automobile Holdings Ltd. says its net earnings jumped to 2 billion yuan ($325 million) last year from 1.55 billion yuan ($247 million) in 2011 because of strong demand outside China.
#economics
Share
Geely Automobile Holdings Ltd. says its net earnings jumped to 2 billion yuan ($325 million) last year from 1.55 billion yuan ($247 million) in 2011 because of strong demand outside China.
Revenue climbed 18% year over year to 24.6 billion yuan ($3.9 billion) in 2012. Sales increased 15% to 483,500 units. Geely's overseas volume more than doubled to 101,000 vehicles. But its domestic deliveries were flat at 381,000 units.
The company aims to boost global sales 16% to 560,000 vehicles this year.
Separately, Geely Vice President Daniel Li confirms to the China Daily that the company has decided not to make a final bid for Fisker Automotive Inc. He says the California-based maker of hybrid cars does not suit Geely's "strategic consideration."
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.