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Geely: Revenue Outpacing The Pack

Monday, November 15, 2010 - 04:33

Executive director Lawrence Ang says the Geely's sales volumes and revenue are set to outpace domestic peers and he expects Beijing to adopt C02-based incentives.

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China's auto sales continue to heat up as we enter the fourth quarter with nearly fifteen million vehicles sold so far in 2010. Orszag is the executive director of Chinese carmaker -- he joins us now. In Hong Kong -- that you for coming out here I think now let's start off with the does sales figures we suffer October because you people is a good numbers but overall for the year. Terms of volume you are letting a bit behind the the overall space. Yes. But on the other hand he may have noticed that that we actually you have achieved and that's Foster crew Ian for soaring price. You know -- who fought each year I think the first oh red faced after turning -- was up 14%. So I think if you look at the -- and who might -- and that reason for the sandy slow look grow -- compared to the market is we actually I'm moving -- product mix. I'd be a -- market I think -- last few years soliciting mall but -- And that's something less small car and that with a three I think more in the debate in but actually I think this is what we want to achieve. Because then -- delighted that says yeah -- I -- bring in the small cars here because it guts you know as a raft of incentives and China one of them expired of in the year for these small cars and do you wanna see those to a see those renewed what you wanna see -- I. I think while we have separate incentive prior to us more common now and summoning Kamal a few years ago we you know and now. The compound and on the -- something new by the I think. If you look at that it didn't help incentive some of the material that -- And though and the -- you know the cut in particular -- you know he's just said today that he copied of one point six -- We'll get incentive I think this is the -- so little and -- the government is actually. Graduate who lives in the scheme so to -- you want and you think you went into the I think they've gotten we'll try to -- 01 without the offense was something new when he wanted to ask you what what what's going to be fair I didn't. To be fair I think that governments are actually based on -- the most commonly used parliament. By I think because of what's in Europe a country in Scotland concentration. Of vehicle. And I think -- is the direction which I think that's how it's gotten to a 22 in the future that was set a pretty. -- mission. I spend that full com. The concise -- and -- you've got that done little to you can kill you if you audition apple is better than to somebody gets the consent I think it's a fair way. that would turn the Volvo as well here you know after the deal in ninety was August sound. You set up a panel now for communication -- what what's the process in terms of you know we've talked about Volvo plants being. Deval plants in China to to produce cars there is that moving along. Well we thought that come meet people -- up actually we don't have -- official title. And vehicle full the cheating management and the -- mentioned to discuss. So and now the reason I want to set this obvious to -- official title in the peace can be people have. The moment we'll meet. And it's twice a year. So we've seen in management continue in Cinnaminson from what will have time to talk to each hot to understand -- Thomas -- And so -- we did you it was an agreement on those -- we're talking what three plants in China for Volvo -- it was an agreement on. Having -- the -- well that his property one of the -- would commit these cuts in the next can be -- and we can you can. But I don't think he's he's the only thing and having depth -- that area I think we can call all pretty and content of each other. So will will we -- bubble cars produced in China to -- the next six months twelve months as far as I know because I think the below. Come management. Keen to stop making -- in China but China's important market. And political -- with the -- knocked -- the will call management. All right now about -- Tucker before we go GM SAIC. Reports now that the Chinese auto maker will take a stake in GM along this IPO there. How does that affect the competitive landscape has -- affect you in China. I completely in Pakistan -- and trivia I think up call we do computes yen. In some sentiment that -- Tim has and Jim and -- thinks he's not army to competitor in the China market. So those in the sought to medium momentum going in they'll detect what. Our -- the -- there that was lords and love Julie. You can watch more automotive coverage right here on Reuters -- will be bringing you interviews with Nissan and other players throughout the week I'm John -- this is Reuters.

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Geely: Revenue Outpacing The Pack

Monday, November 15, 2010 - 04:33