GEELY AUTOMOBILE - jetzt hat es einer bemerkt (Seite 1481)

[Fire72]

Nun ist es wohl offiziel ,

Geely revidiert seine Verkaufszahlen von 2014 nach unten...auf 430.000 Einheiten....wurde auch Zeit....

"Geely Automobile's First-Half Profit Falls 20%

Colum Murphy@[e-mail] Updated Aug. 20, 2014 8:57 a.m. ET

» GELYY in Your Value Your Change Short position illustrates a growing problem for Chinese auto makers: Domestic brands in the world's biggest car market are losing ground as Chinese buyers continue to drive foreign brands off the lot.

The Chinese auto maker on Wednesday said it posted a disappointing 20% drop in net profit for the six months ended June. Much of the fall was due to a 29% drop in sales in its home market. Geely also cut its full-year sales target to 430,000 vehicles from 580,000 vehicles, which would represent a 22% decline from 2013.

In a statement, Geely said "competitive pressure on indigenous brands in the China market should continue to intensify in the coming years."

But Geely's parent also owns a foreign brand, Sweden's Volvo, which it acquired from Ford Motor Co. Volvo on Wednesday said it swung to a profit from a year-earlier loss, as sales in China surged 34%. Volvo Car Corp. Chief Executive Håkan Samuelsson said on Wednesday that its overall sales volume is now likely to grow 10% this year, up from a previous forecast of 5%.

China's ambition of nurturing its own automotive champions looks increasingly distant. In the first half of this year, Chinese domestic brands' share of the sedan market fell to 22% from 28% a year earlier, according to the government-backed China Association of Automobile Manufacturers. Meanwhile foreign brands have seen their market share rise in part because they enjoy a reputation for quality among Chinese consumers.

Like other private Chinese auto makers, Geely is facing headwinds as foreign car makers produce more cars in China, avoiding costly tariffs, and expand distribution networks in China's interior, which was once considered the domain of domestic car makers.

On Wednesday Geely said its first-half results didn't meet management's expectations. It cited a revamp of its product lineup, a rebranding program and an overhaul of its distribution system as factors contributing to the profit decline.

In April, Geely said it would scrap its three separate brands—Emgrand, Gleagle and Englon—in favor of a single Geely brand. The three-brand approach meant Geely had to develop vehicles in three different categories.

» BARC.LN in Your Value Your Change Short position analyst Yang Song said a key factor for Geely will be whether it can come up with new models. She said that the company's current lineup was "a bit dated."

"Right now it's not clear what models they will have and at what price point they will sell," she said in an interview ahead of Wednesday's results.

Geely said it plans to continue to replace older models with more sophisticated ones.

Geely said its net profit for the first six months of 2014 totaled 1.1 billion yuan ($181 million).

In addition to slackening demand for domestic Chinese cars, Geely sales have been hurt by turmoil in some of its markets abroad. The company exports cars mainly to Russia, Ukraine, Saudi Arabia, Iran and Egypt.

Hong Kong-listed Geely is controlled by Zhejiang Geely Holding Group Co.

—Rose Yu in Shanghai and Christina Zander in Stockholm contributed to this article."

http://online.wsj.com/articles/geely-automobiles-first-half-…

[Fire72]

Ich meine,

ich hatte hie schon einmal vor 1/2 oder 3/4 Jahr geschrieben, dass Geely in Lizenz "Lkw" in Südafrika verkauft.....dat sind ja echte "Nukelpinnen" ....

"Geely's 'half-tonner' still costs just R93k
Mon, 18 Aug 2014 6:28 AM

The DFSK Loadhopper. Credit: Quickpic Geely South Africa says its DFSK Loadhopper pick-up hasn't been affected by the exchange rate, and is still available from just R92 990.

The DFSK Loadhopper boasts a loadbox measuring 2.0 metres by 1.3 metres, and can handle a payload of 600kg (it is classified as a "half-ton" vehicle under SA regulations).

"The Loadhopper packs a heavy punch when it comes to work load," said Devon Nassif, Sales and Dealer Development Manager of the Dacar Motor Corporation, importers and distributors of Geely passenger and DFSK light commercial vehicles.

"Our many loyal customers operating this gutsy little bakkie refer to it as a 'trailer with its own engine'. It really is the ideal vehicle for anything from garden rubble and mini-loads to collections, deliveries and general transport of basically anything."

The price for the 1.3-litre single-cab includes VAT, which Geely says can be claimed back from Sars at a rate of 14 percent if the vehicle is used for business purposes.

"This means in essence the Loadhopper 1.3 costs a mere R81 570," said Nassif.

The Loadhopper comes with a one-year or 60 000km warranty."

http://motoring.iafrica.com/newmodels/954962.html

[Fire72]

Hmmm,

@Sangonr: Woher hat "seekingalpha" diese Info???

"...Between the middle of 2014 and the end of 2016, Geely will be launching a facelifted EC7, a new GX9 SUV, a new KC sedan, a pure electric vehicle, multiple plug-in hybrid variants of existing models, new EC7 sedans and GX7 SUVs, and an entirely new SUV model....."

Würde ein Facelift EC7 u. GX7/SX7 Sinn machen, wenn in den kommenden zwei Jahren neue EC7 bzw GX7/SX7 kommen??? Zudem schreibt man in der Mehrheit....

[Fire72]

Anscheinend plant von Geelys Seite wohl nun doch den EX7 auf den chin. Markt zu bringen...die Frontpartie scheint an die neue Generation der Geely-Fahrzeuge angelehnt zu sein....nicht verwundert sein, der Schreiberling haut SX7 und EX7 gerne durcheinander ....

"Spy Shots: Geely Emgrand SX7 gets a nose job in China
Published on August 19, 2014 by Tycho de Feijter

Spy Shots showing the Geely Emgrand SX7 SUV testing in China, sporting a new nose similar in style to the upcoming Geely Emgrand EC9 sedan. The Emgrand EX7 has been under development since 2010 but never made it to the market yet.

The Emgrand EX7 in 2010. The EX7 is one of a family of three. Its sister cars, the Geely Englon SX7 and the Geely GLEagle GX7 were launched on the Chinese auto market in 2013 and 2012 respectively. The Emgrand EX7 is now expected for launch in early 2015, with that new nose:

here will be three engines: a 136hp 1.8, a 140hp 2.0 and a 160hp 2.4. The 1.8 and the 2.0 will only be available with a 5-speed manual. The 2.4 will also be available with a 6-speed automatic. Size: 4544/1832/1720 mm, wheelbase is 2660 mm. Price will start around 110.000 yuan and end around 140.000 yuan.

http://www.carnewschina.com/2014/08/19/spy-shots-geely-emgra…

[Fire72]

Servus Geelianer ,

auch wenn dieses Jahr für Geely be******en läuft, so lassen diese Zahlen einen nicht allzu schwarz sehen...find ich zumindest ....

"GEELY AUTO (00175.HK) interim profit down 20%
2014/08/20 12:17 Share PRINT CloseSIZE SHOW STOCK INFO
GEELY AUTO (00175.HK) +0.020 (+0.651%) Short selling $40.16M; Ratio 26.019% announced that its net profit for the six months ended 30 June 2014 dropped 20.38% year-on-year to RMB1.113 billion. EPS was 12.65 fen. No dividend was declared.

During the period, its revenue declined 31.62% from a year earlier to RMB10.158 billion. Gross profit decreased 27.43% to RMB2.066 billion.

The group's net cash on hand hit a historical high at RMB5.644 billion.
(Quote is delayed for at least 15 mins.Short Selling Data as at 2014-08-20 16:25.)

AAStocks Financial News
Web Site: www.aastocks.com"

http://www.aastocks.com/en/stocks/news/aafn-news/NOW.622640/…

[ellexi]

Volvo erzielt dank China-Absatz wieder Gewinn

STOCKHOLM--Der Autobauer Volvo hat im ersten Halbjahr einen Gewinn erzielt. Angetrieben von besseren Verkäufen in vielen Regionen und besonders in China erwirtschafteten die Schweden einen Gewinn von 535 Millionen Kronen oder umgerechnet rund 58 Millionen Euro. Vor einem Jahr verbuchte das Unternehmen noch einen Verlust von 778 Millionen Kronen. Der Absatz kletterte in den sechs Monaten um rund 10 Prozent auf 229.013 Fahrzeuge.

Während es in China, Westeuropa und Schweden für Volvo besser läuft, hat der Autobauer in den USA, dem zweitgrößten Automarkt der Welt, Schwierigkeiten. Mit dem Verkaufsplus liegt das Unternehmen aber insgesamt über der eigenen Planung: Volvo-Chef Hakan Samuelsson hatte zum Jahresstart das Ziel ausgegeben, 2014 insgesamt 5 Prozent mehr Autos zu verkaufen. Noch stärker als die Verkäufe kletterten im Halbjahr die Umsätze mit 15 Prozent auf 64,79 Milliarden Kronen.

Im vergangenen Jahr hatten die Schweden nach einem schlechten ersten Halbjahr in der zweiten Hälfte zugelegt und insgesamt mit schwarzen Zahlen abgeschlossen. Profitieren konnte Volvo dabei von Kostensenkungen und starken China-Verkäufen. Die operative Marge von 1,6 Prozent rangierte jedoch weit hinter anderen Premium-Wettbewerbern wie BMW oder Audi - und dem eigenen Ziel von 8 Prozent bis 2020.

Der Traditionskonzern, der vor drei Jahren von der chinesischen Geely Holding übernommen wurde, fährt anderen Premiumbauern seit einiger Zeit hinterher. Während die Konkurrenz beispielsweise in den USA deutlich zulegt, ging es bei Volvo mit den Verkäufen im vergangenen Jahr um 10 Prozent bergab. Dem Unternehmen fehlt es in den USA an frischen und schlagkräftigen Modellen.

Neuer Hoffnungsträger ist die zweite Generation des sportlichen Geländewagens (SUV) XC90 - das erste Volvo-Modell unter chinesischer Ägide. Kommende Woche soll das neue Modell in Stockholm präsentiert werden.

http://www.wsj.de/article/LL-CO-20140820-000259.html?mod=tic…

[ellexi]

FOREX MMCIS Gruppe»: «BelDzhi" will expandieren

Vor fast drei Jahren, das Ministerium für Industrie von Belarus und chinesischen Auto Geely vereinbart, eine gemeinsame Produktion von Personenwagen - die Firma "BelDzhi" genau die Hälfte ihrer Aktien durch die belarussische "BelAZ" gehört. Heute ist die Anlage, unter Borisov gebaut, kann sicher die größte Errungenschaft der belarussischen Automobilmotor bezeichnet werden. Das Projekt hat eine starke staatliche Unterstützung und das Vertrauen wächst. Während die erste Hälfte wurde über 4000. Autos in der Fabrik "BelDzhi" zusammengebaut verkauft, und bis Ende des Jahres das Management des Unternehmens plant, weitere 6000. Autos zu verkaufen. By the way, die Leistung der Produktionsstätte können Sie bis zu 30 Tausend. Autos pro Jahr sammeln sich, so dass die Aussichten für die Erhöhung der Produktionsrate ist sehr hoch.
Es ist wichtig zu beachten, dass die Produkte der belarussisch-chinesische Produktion ist in erster Linie auf dem EWR-fokussiert und ein Vektor ist begründet. Die Tatsache, dass die gemeinsamen Wirtschaftsraum ist gesetzlich erlaubt, ein Auto mit dem Grad der Lokalisierung von mindestens 30% zu verkaufen. Und "BelDzhi" hat sich das einzige Unternehmen, für die eine Ausnahme gemacht wurde. Der belarussische Präsident Alexander Lukaschenko versichert, dass die Lokalisierung Höhe von 30% ist für nur zwei Jahren erreicht, aber der Markt TC "Vertrauen" der Autohersteller jetzt.
Analysten " FOREX MMCIS Gruppe "festgestellt, dass die chinesische Seite schätzt die Dynamik des" BelDzhi ", wie von dem Wunsch, Investitionen in das Projekt zu erhöhen fast verdoppelt belegt - von 245 Millionen Dollar auf 500 Millionen angesichts der zusätzlichen Kapital Peking plant, schrittweise Erhöhung der Geschwindigkeit der Freisetzung von Autos. bis zu 120 Tausend. Jahr. Um dieses ehrgeizige Ziel zu erreichen, hat das Unternehmen bereits damit begonnen, eine neue Anlage zu entwerfen. Das Objekt wird auch in der Region Minsk zwischen den Städten Borisov und Zhodino befinden. Es ist wichtig zu betonen, daß geplant ist, nicht nur die Montage, sondern auch Schweißen und Lack herzustellen.
Experten " FOREX MMCIS Gruppe "informieren auch, dass die neue Anlage" BelDzhi "ist interessant für Belarus und in den Aspekt der Zusammenarbeit mit mehreren großen Fabriken im Land. So, jetzt aktiv als die Frage der Zusammenarbeit mit den Herstellern von Reifen und Batterien. Zunächst einmal sind wir über Unternehmen "Belshina" und "Polesskie Batterien", die neue Verkaufsstellen der Produkte finden reden.
Material von den Analysten FOREX MMCIS Gruppe vorbereitet.


http://www.profi-forex.by/news/entry5000025460.html

[ellexi]

Geely Automobile's first-half profit falls 20%

SHANGHAI--Chinese auto maker Geely Automobile Holdings Ltd. said its net profit for the first six months of 2014 fell 20% from a year earlier to 1.1 billion yuan ($181 million).

Sales of Geely cars fell at home as local consumers shunned domestic brands and dropped abroad amid turmoil in key markets.

Hong Kong-listed Geely is controlled by Zhejiang Geely Holding Group Co., whose chairman is Chinese auto pioneer Li Shufu.

The company sold 187,296 cars in the first half, down 29% from a year earlier.

Sales of Geely cars in China fell 28% in the first half of this year versus a year earlier; exports were down 32%. The company exported a total of 34,440 vehicles in the period.

In a statement, the company said the results didn't meet management's expectations. It also cited an overhaul of its product lineup, a rebranding program and an overhaul of its distribution system as factors contributing to the decline.

Geely is also owner of Swedish car brand Volvo. It acquired the brand from Ford Motor Co. in 2010.

http://www.marketwatch.com/story/geely-automobiles-first-hal…

[ellexi]

Buoyant China lifts Geely's Volvo Car Group to H1 profit

* H1 op profit 1.21 bln SEK vs year-ago loss of 577 mln

* Strong demand in China, Europe offsets U.S. weakness

* H1 revs rise to 64.8 bln SEK from 56.4 bln

STOCKHOLM, Aug 20 (Reuters) - Geely-owned carmaker Volvo Car Group said it swung to a profit for the first half of the year on the back of sharply rising sales in China and growth in Europe, more than offsetting lingering weakness in the United States.

Gothenburg-based Volvo, one of Sweden's top exporters and employers though a small player in the global autos industry, saw demand gain traction during the end of last year and figures on Wednesday showed momentum had carried into 2014.

Volvo, bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010, reported operating earnings of 1.21 billion crowns ($176.5 million) versus a year-ago loss of 577 million.

Retail sales of its cars, which include models such as the XC60 crossover and S60 sedan, have been buoyed by double-digit growth in China, the home market of its parent which has eclipsed the United States as Volvo's top market.

"This first half result is both solid and encouraging," Volvo Chief Executive Hakan Samuelsson said in a statement.

Volvo's revenues rose to 64.8 billion crowns in January through June from 56.4 billion a year ago. While a dearth of new models has weighed on sales in the United States, rapid expansion in China has underpinned a growth for the group.

The company aims to nearly double annual sales to 800,000 cars by 2020 while angling to make real inroads in a premium market - dominated by larger rivals such as Daimler's Mercedes-Benz and BMW - that holds out the lure of higher prices.

Volvo is launching its new XC90 SUV, the first fully new car developed under its Chinese ownership, this month and has said it plans to price its new premium cars at the same level as those of its German competitors as it takes a step away from its roots as a no-frills family car.

http://finance.yahoo.com/news/buoyant-china-lifts-geelys-vol…

[ellexi]

Chinese firms keep UK auto industry ticking



Green car plans and investment help rejuvenate Coventry's auto credentials

The iconic black cabs of London may soon be the harbingers of a "green revolution" in the United Kingdom, thanks to the concerted efforts of a Chinese company.

Green shoots have already started sprouting in Coventry, a city in the county of West Midlands in the UK, where the local economy has a new lease of life thanks to the investment, jobs and green car plans announced by Chinese automaker Geely Automobile Holdings Ltd. Other Chinese companies are also adding new vigor and jobs to the region, often described as the center of auto activity in the UK.

Chinese companies that seek to expand both their global reach and knowledge base see having manufacturers based there as a good strategy for development.

Geely paid 11 million pounds ($18.4 million) for 80 percent of Manganese Bronze HoldingsPlc, the parent of London Taxi Co, the firm that makes the iconic black cabs, in February 2013 after buying 20 percent in 2006. Seven months after the Manganese Bronze acquisition, Geely has commenced full production of the black cabs at London Taxi Co's old factory in Coventry.

London Taxi Co is scheduled to launch its TX5 model with an investment of 300 million pounds soon. The hybrid electric taxi is designed to have zero emissions, with its exterior in a similar shape to the current London black cab.

Peter Johansen, vice-president of Geely's black cab operation, said the company now possesses the requisite funds and the capabilities to improve the green credentials of its existing vehicle.

London Taxi Co currently employs 211 people, more than double the number it had before the Geely buyout. Of its current staff, 66 are engineers and technicians.

"We have not finalized our staff plans for next year, but I expect that we would employ around 250 directly or indirectly with further increases as we begin building and ramping up our new factory," Johansen said.

Daniel Li, chairman of the London Taxi Co and chief financial officer of Geely Group, said: "We will stick to our plans and deliver what we promise."

Sales revenue has risen steadily since the acquisition. Sales in 2013 reached 33.9 million pounds, and the figure was 25.3 million pounds for the first six months of 2014, a 245 percent year-on-year growth. The plant is scheduled to build 1,440 vehicles, mainly to be sold in the UK. In addition, about 850 vehicles will be made for overseas markets in Azerbaijan, Australia, Egypt and India.

Louise Bennett, chief executive of the Coventry and Warwickshire Chamber of Commerce, said that "the manufacturing and engineering sector is vital for the past, present and future of Coventry and Warwickshire's economy".

"The automotive sector is very much part of that, and this region remains a hotbed of activity," he said.

Coventry is often called the home of the British auto industry and has spawned several big brands like Jaguar, Rover, Triumph, Healey and Riley. While the area is still at the heart of the UK's motor industry, government officials and business leaders are keen to ensure that the region retains the skills it needs to secure a bright future.

And that is precisely what Geely and other Chinese companies are helping do in Coventry.

"A year ago, when I visited London Taxi Co, it was rather quiet. But this time when I came to the factory, it was bustling with activity," said Zhou Xiaoming, minister counselor for economic and commercial affairs at the Chinese embassy in the UK.

Zhou said the auto industry has become "a hot spot of Chinese investment in the UK, especially in Coventry", adding that Chinese private firms are also playing an important role.

Shandong Yongtai Chemical Group Co, a privately owned manufacturer from Shandong province, took majority ownership of Covpress, a UK-based car parts maker, in a deal worth 30 million pounds in July 2013.

Covpress has seen remarkable growth since then. As a direct result of a 10 million-pound infusion into the industrial unit and 2.6 million pounds for machinery purchase, 75 new jobs have been created at the Canley-based business unit, with turnover up 22 percent in the last 12 months. New orders are also mounting, with the longest contract extending to 13 years.

You Xiaoming, CEO of Shandong Yongtai, said: "We have signed a five-year contract with a luxury sedan manufacturer worth 230 million pounds, and a 13-year one with MPV (multi-purpose vehicles) carmakers valued at 384 million pounds."

Veneer Manufacturing Centre of Jaguar Land Rover was acquired by Lawrence Automotive Holdings Ltd from Zhejiang province in November 2010.The value of the deal was confidential.

The company has seen significant growth since the acquisition due to the launch of the new Range Rover from Coventry. Lawrence worked with JLR to transfer their staff back to the other JLR sites during a training program to employ more than 600 new people on-site.

Mark Beecroft, vice-president of Lawrence, said: "The acquisition has demonstrated China's commitment to overseas growth and expansion."

You from Shandong said in July that the company will invest a further 15 million pounds to support the firm's continued growth and stay on top of the demand.

"We have exciting plans. Over the next two years, specific plans are already in place to inject further investment to modernize and expand the Covpress facility," You said.

"This will add much needed capacity and create more career opportunities."

Its latest investment plan will increase the workforce from about 550 to more than 700 in the next two years, making Coventry one of UK's largest private sector employers.

Such efforts have also been welcomed by the local populace.

Kit Halliday, joint CEO (Europe) for Covpress, said he believes that Chinese companies will not change the existing corporate culture and management strategy.

"The perception that Chinese investment in the UK is to overhaul the UK corporate culture and management code with a Chinese mentality is utterly false. There might be some apprehension at the start of the merger, but when business picks up, along with the creation of more job opportunities, everyone is happy," Halliday said.

Zhou from the Chinese embassy said: "The business communities from both China and the UK are keen to work together. The partnership serves to benefit both the UK economy and China's privately owned businesses' expansion abroad."

http://www.ecns.cn/business/2014/08-19/130232.shtml