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Chinese Automaker Geely Beats Revenue Expectations, Shares Up 3% Now

According to Geely, it is projecting a total of 1.65 million units for the current fiscal year and it expects its electric vehicle to dominate the mix. Chinese automobile giant Geely Automobile Holdings Ltd (HKG: 0175) has beaten revenue expectations with respect to its revenue for the 2022 financial year. According to the performance report shared by the auto giant, it raked in a revenue of 148 billion yuan ($21.49 billion), up by 45.6% from the year-ago period. The impressive performance...

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Aston Martin Is in Last-Minute Talks with Lawrence Stroll and Geely Group

Aston Martin is in last-minute talks with the Canadian billionaire Lawrence Stroll. Reports indicate that the owner of the Racing Point Formula One team and the luxury carmaker are in talks. This is an effort by the carmaker to shore up finances. The company had a less than exciting performance last year. Lawrence Stroll and Aston Martin are said to be in talks to raise £200 million (about $260 million) in a fresh round of financing.Aston Martin Lagonda Global Holdings Plc. Limited is also in...

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India’s Tata Group Seeks BMW and Geely Partnership to Share Development Costs

According to a recent Bloomberg story citing people familiar with the situation, an unconfirmed partnership in the global automobile industry is in the offing. Current reports have it that the Jaguar Land Rover (JLR) parent company Tata Group has made decisive moves seeking partnerships with German multinational BMW AG, and China’s Zhejiang Geely Holding Group Co.Apparently, Tata Group has reached out to these two major firms, but is also looking to find more partners and might seal...

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