China's Geely to Merge Brands, Combine Dealers

Newswire

By Samuel Shen and Norihiko Shirouzu SHANGHAI, March 7 (Reuters) - China's Geely Automobile Holdings Ltd, whose parent company owns Swedish carmaker Volvo, will consolidate brands and sales network to cut costs amid sluggish sales, the company's spokesman said on Friday. Geely, controlled by founder Li Shufu, currently sells cars in China under three brands - Emgrand, Gleagle and Englon - but the company's new generation of vehicles will only carry the "GEELY" logo, ...

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