Mexican Media Brands
Geely, Volvo to Merge Engine Operations
China’s Zhejiang Geely Holding Group and its Volvo Car Corp. unit are merging their engine operations to form a new stand-alone business that will develop and supply conventional engines and hybrid-electric systems to Geely’s brands.
#hybrid
Share
China’s Zhejiang Geely Holding Group and its Volvo Car Corp. unit are merging their engine operations to form a new stand-alone business that will develop and supply conventional engines and hybrid-electric systems to Geely’s brands.
The new group is expected to total about 8,000 people (5,000 from Geely and 3,000 from Volvo), who entail powertrain-related staff from engineering, manufacturing, purchasing, information technology and finance. No layoffs are anticipated.
In addition to Geely’s namesake brand and Volvo, the business will supply engines and hybrid systems to Geely’s Lotus, Lynk & Co., Proton and LEVC units. The latter makes London’s iconic black taxis.
The various brands had combined sales of 2 million vehicles worldwide last year.
Volvo says consolidating engine operations will help accelerate its transition to electrified vehicles while maintaining a core competency in combustion engines.
RELATED CONTENT
-
Chevy Develops eCOPO Camaro: The Fast and the Electric
The notion that electric vehicles were the sort of thing that well-meaning professors who wear tweed jackets with elbow patches drove in order to help save the environment was pretty much annihilated when Tesla added the Ludicrous+ mode to the Model S which propelled the vehicle from 0 to 60 mph in less than 3 seconds.
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
UPS to Test Electric Delivery Truck
United Parcel Services of America Inc. is partnering with Los Angeles startup Thor Trucks Inc. to test a fully electric Class 6 delivery truck.