Geely: No Plans to Buy Bentley
China’s Zhejiang Geely Holding Group says it has no plans to buy Bentley from Volkswagen Group, countering reports last week to the contrary.
Yang Xueliang, vice president of Geely Automobile, tells reporters there is “nothing” to the acquisition rumors.
Geely has purchased all or part of several foreign brands in recent years. The Chinese carmaker bought Volvo Cars in 2010 and in 2018 acquired large stakes in Malaysia’s Proton Holdings Bhd. and that company’s Group Lotus unit in the U.K. Geely also is the largest shareholder of Daimler, with a nearly 10% stake.
Bentley lost about €290 million ($321 million) in 2018. The luxury marquee’s global sales slid nearly 14% to just over 9,100 vehicles last year.
Once the playground of exotic car makers, the definition of a niche vehicle has expanded to include image vehicles for mainstream OEMs, and specialist models produced on high-volume platforms.
Ram Truck chief exterior designer Joe Dehner talks about how they’ve developed the all-new pickup. “We’ve been building trucks for over 100 years,” he says. “Best I could come up with is that this is our 15th-generation truck.”
Effective management is a timeless skill—as demonstrated by this treasure of an article from the AutoBeat Group archive. Although the tools of the trade have changed and proliferated, the basics remain the same. Here are 8 old school (and just darn practical) rules for being an excellent manager.