STOCKHOLM] Volvo Car posted a US$1.03 billion operating loss in the second quarter, hit by a previously announced impairment ...

Li Shufu is chairman of Geely Automobile Holding Co Ltd, a privately owned carmaker in China. The company, whose name means "auspicious benefit" in Chinese, began making cars in 1998.

When Li Shufu's Zheijang Geely Holding Group Co. bought Volvo cars from Ford Motor Co. in 2010, few could have imagined that he would invest $11 billion -- and with such swift success -- to ...

Li Shufu, who declined to comment on this version of events, told the investors it would take too long to engineer vehicles to meet U.S. safety and emissions regulations, the person said.

China auto industry billionaire Li Shufu, the main owner of Volvo Car Corp. and Geely Automobile Holdings, has brought one of his key financial executives back onto Geely Auto’s board of directors.

Li Shufu, who declined to comment on this version of events, told the investors it would take too long to engineer vehicles to meet U.S. safety and emissions regulations, the person said.

Chinese billionaire Li Shufu has made a habit of shuffling around the pieces of his sprawling empire to find the best value. Yet none of that grand strategizing has addressed his main problem: a ...

Li Shufu, CEO of Zhejiang Geely Holding Group, appeared at the Geekpark Innovation Meeting at 798 Art Zone in Beijing. He described future cars as: smart lives with souls, not simply piles of steel.

Li Shufu’s $9 billion investment in Daimler AG raised hackles in German government halls and executive suites. Not so at the offices of Michael Brecht, the powerful head of the automaker’s ...

Three months after becoming the new owner of the Swedish car brand Volvo, Zhejiang Geely Holding Group Co. President Li Shufu said he disagrees with Volvo's management about its product plans.