FACTBOX-How do carmakers Geely and Volvo compare?
March 28 (Reuters) - Zhejiang Geely Holding Group, China's
largest private-run car maker, agreed on Sunday to acquire Ford
Motor's (F.N) Volvo car unit, the country's biggest overseas
auto purchase. [ID:nLDE62R08N]
Zhejiang Geely, which produces sedans through its Hong
Kong-listed Geely Automobile Holdings Ltd (0175.HK), is China's
10th largest automaker based on 2009 sales. It has set a 2010
sales target at 400,000 units, up 23 percent from 2009 but
slower than a 59 percent growth last year.
Below are selected financial statistics for Geely and Volvo:
GEELY AUTOMOBILE
2009 2008 2007
Revenue: (f'cast) (actual) (actual) in $ mln
2,038.9 *628.2 19.3
pct changes +225 +3,155 +3.8
Net Profit: (f'cast) (actual) (actual) in $ mln
201.4 128.8 44.3
pct changes +56.4 +190.7 +44.9
Employees: 11,100 9,945 8,813
Shrs issued: **6.62 bln 5.845 bln 4.93 bln
Market Cap: $ by year end
3.6 bln 472 mln 556 mln
Sources: Geely Auto annual report and foreasts from Thomson Reuters I/B/E/S
* 2008 revenue jumped significantly after the company finished buying control of all its parent's car plants.
** As at the end of June 2009
VOLVO CAR CORPORATION
2009 2008 2007
Revenue in $ mln: 12,400 14,679 17,859
pct changes -16 -18 n/a
Pretax result in $ mln: -653 -1,465 -164
Employees: 19,650 22,732 24,386
Other: Volvo last made a full-year profit in 2005. Its main plants are in Torslanda, Sweden, and Ghent, Belgium. It also has manufacturing units in Uddevalla, Sweden, and Chongqing, China, as well as in Malaysia and Thailand.
Source: Volvo Car Corporation. ($1=HK$7.8=6.827 Yuan) (Reporting by Alison Leung and Niklas Pollard, editing by Will Waterman)
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