Tuesday, 22 Oct 2019 | 23 Safar 1441
Geely adds Swedish truck-maker AB Volvo to its long list of brands

Geely adds Swedish truck-maker AB Volvo to its extended list of brands

Zhejiang Geely Holding Group (Geely Holding) has acquired the European investment firm Cevian Capital’s complete eight.two% share capital holding and 15.six% voting rights. AB Volvo, regarded as to be a single of the world’s major producers of trucks, buses, building gear, diesel engines, and marine and industrial engines, itself owns 45% of Dongfeng Commercial Vehicles, a single of China’s biggest truck-makers. 

Earlier, the Chinese automotive giant Geely expanded its international presence following acquiring controlling stakes of 49.9% in Malaysian automaker Proton,51% stake in the UK primarily based Lotus sports automobiles and the US flying automobile business, Terrafugia. More not too long ago, Geely acquired a 9.69% stake worth $9 billion in Mercedes-Benz’s parent business, Daimler, becoming its biggest shareholder.

A spokesperson of Towell Auto Centre (TAC), the sole distributor of Geely automobiles in Oman, mentioned, “Geely is on a rapid expansion drive not just globally but is also diversifying into various verticals of vehicle production keeping the future trends in mind. Geely’s strategic partnerships with other automakers worldwide give the customer a greater choice, matched with innovation and technological excellence. The trust and confidence built by Geely is rapidly increasing its customer base in Oman, as well as 25 countries globally.”

Customers in Oman can Experience A New World with Geely, as it integrates all these future technologies and international experiences and brings worth items which matches international style and high quality at any a single of the TAC showrooms which are open from eight.30 am to 1 pm and a new afternoon timing of three.30 pm to 7.30 pm, from Saturday to Thursday.

With a network of 10 showrooms, 12 service outlets, 10 components outlets and a 97% components availability spread across the Sultanate of Oman, Towell Auto Centre (TAC) is a single of the major automobile distributors in Oman.

Information Source: Muscat Daily

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