Geely strong 2017 sales, Geely Auto Group has subsequently set its 2018 sales volume target to 1.58 million units including the sales volume target for Lynk & Co-branded vehicles: Lynk & Co 01 and Lynk & Co 02. Geely Auto Group has four independent design centres in Shanghai, Gothenburg, Barcelona and California as well as four R&D centres in Hangzhou, Ningbo, Coventry, and Gothenburg capable of independently researching and producing full car parts, engines, transmissions and electrical systems. In Gothenburg, the group has established CEVT, a joint research and development centre between Volvo Cars and Geely Auto to create an industry
Advantage Rent a Car of about $1,633 per vehicle, which resulted in a total loss of about $8.6 million. On August 26, 2012, Hertz announced that it had agreed to sell the US Advantage business to Franchise Services of North America and Macquarie Capital, as a divestiture to receive regulatory approval of Hertz's acquisition of Dollar Thrifty, announced at the same time, and to convert foreign Advantage-branded locations to a new Firefly Car Rental brand. On December 12, 2012, Advantage Rent A Car was acquired by a subsidiary of Macquarie Capital, which was to be merged with Franchise Services of North America, Inc. (TSXV:FSN)