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Global empire grows: Geely acquires strategic stake in AB Volvo, becomes largest shareholder

HANGZHOU – Geely Holding Group’s rapidly expanding global empire just got bigger, literally and figuratively. The private automaker has acquired an 8.2 percent share capital and 15.6 percent voting rights in AB Volvo, becoming the largest shareholder in the leading Swedish manufacturer of trucks, buses, construction equipment, diesel engines, and

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Meritor establishes parts distribution center in Xuzhou

SHANGHAI – During the 2011 China International Parts & Components Exhibition for Construction Equipment, Meritor, Inc. announced its plan to build a 2,300-square-meter Parts Distribution Center (PDC) in Xuzhou, Jiangsu Province. This new distribution center, located in the company’s recently expanded manufacturing facility which is part of its off-highway joint

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