Geely A subsidiary of the group, Geely Auto, had its IPO on the Stock Exchange of Hong Kong in 2004. The company had a booth at the 2005 Frankfurt Motor Show, and a 2006 showing at the Detroit auto show. Geely approached Ford in mid-2008 about a possible takeover of Volvo Cars. On October 28, 2009, it was named as the preferred buyer of Volvo by the American automaker. A deal was reached in late March and completed in early August, 2010. In 2010, total sales of over 415,000 units gave the company a near 2% market share. Sales were lower
Geely CK is driven by government officials and police and also available to rental car fleets. The specification includes power windows and air conditioning. Still, they have a reputation for being unreliable and many drivers thus prefer the older, Russian-built vehicles. The CK is based on a South Korean design by Daewoo, Tower Metal, Wooshin Systems, and CES, which Geely licensed. Its 1.5 L engine is a Toyota Motor Corporation design, also licensed. It produces 94 hp (70 kW) at 6000 rpm. The 4 speed automatic transmission is built in China, the first to be manufactured there. In 2008, the facelifted CK