16 November 2018

Geely sees slower sales growth in 2014, Bloomberg says

Geely Automobile Holdings Ltd. expects its sales growth to slow this year to less than half the pace of 2013 and trail the industry in the world’s largest auto market, Bloomberg News reported Wednesday. Deliveries will climb by about 6 percent to 580,000 units, the Chinese automaker was quoted as saying in a regulatory filing Tuesday. Geely, whose parent acquired Volvo Cars in 2010, boosted sales by 14 percent to 549,518 units last year, missing its own 560,000 target. The China Association of Automobile Manufacturers forecast industry demand will expand by 8 percent to 10 percent this year, the report noted.

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