Geely Says Revised Volvo Pact Better Serves Investors’ Interests

Bloomberg2021-02-25

Geely opted for new path after working on merger for a year Current plan won’t dilute investors in Geely, will save costs Geely Automobile Holdings Ltd. Chief Executive Officer Gui Shengyue talked up...

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Beato
2021-02-25
Beato
!
francis3
2021-02-25
francis3
What is this about
- Mevy:
  No idea
Zhen95
2021-02-25
Zhen95
Nice

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Geely jumped as much as 4.8% following Wednesday night’s announcement.\nGeely Auto and its Swedish affiliate said they are putting off earlier plans to merge, wagering they’ll be more agile apart. While the two car manufacturers will preserve their separate corporate structures, they’ll cooperate more closely on electrification, software and autonomous-driving technology, and new listings could be on the table.\n“A merger does not necessarily involve shares,” said Gui, who added his project team had been working on the previous plan day and night for a year.\nThe current design “realizes our goals” by creating more synergies that can lead to cost saving and generate additional profit, he said.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":361646132,"gmtCreate":1614232726626,"gmtModify":1634550564622,"author":{"id":"3566535434368879","authorId":"3566535434368879","name":"Beato","avatar":"https://static.tigerbbs.com/168b3f039158a17ca634aaf42cab2469","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3566535434368879","authorIdStr":"3566535434368879"},"htmlText":"&nbsp;!","listText":"&nbsp;!","text":"!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361646132","repostId":1177956532,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":361657616,"gmtCreate":1614232154335,"gmtModify":1634550567686,"author":{"id":"3546933005981745","authorId":"3546933005981745","name":"francis3","avatar":"https://static.tigerbbs.com/5a5e1b786e43023ae6f9a0dc560e3dd6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3546933005981745","authorIdStr":"3546933005981745"},"htmlText":"What is this about","listText":"What is this about","text":"What is this about","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/361657616","repostId":1177956532,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3658227,"gmtCreate":1614234801469,"gmtModify":1635761268052,"authorId":3571698361511635,"author":{"id":3571698361511635,"idStr":"3571698361511635","authorId":3571698361511635,"name":"Mevy","avatar":"https://static.tigerbbs.com/97b58686a1f277017c180bdeac7bf3a3","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":361657616,"type":1,"supId":0,"prevId":0,"content":"No idea","text":"No idea","html":"No idea"}],"langContent":"EN"},{"id":361627479,"gmtCreate":1614230931791,"gmtModify":1634550572420,"author":{"id":"3575252907553393","authorId":"3575252907553393","name":"Zhen95","avatar":"https://static.tigerbbs.com/62a4767b8928f124a0f7f02bd3c21f62","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575252907553393","authorIdStr":"3575252907553393"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361627479","repostId":1177956532,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":11,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1177956532"}