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United States, Europe, Incutter discussed on News, Traffic and Weather

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KOMO

Automatic TRANSCRIPT

Stars your engines and they are often back to our auto expert nick miles this is komo news anton woman still with us on the phonies an independent investor an analyst with talking about investments by car company is in ride ridesharing and also investment by banks and in ridesharing as well moving from cuba and the discussion that softbank have bought fifteen percent of eba another big purchase just recently happened in the last several days big numbers for geli who have bought a huge chunk of dine la that's right so in what appears to be one of the largest if not the largest in recommended all of automotive history that history goes back well over a century now geely which is a chinese company its owner eventually purchase just under ten percent of dime learned the company that owns brands such as mercy british and they paid for that approximately nine point two billion dollars this is a purchase of olympian proportions senate comes after geely recently had purchase load us in the uk the just purchased a month or two ago uh very large stake in volvo uh aid be that's not volvo the car company but rather the independent volvo which makes trucks and buses and uh arena engines and of course several years ago julie had already purchased volvo the car company outright so they have been owning that for several years now in other words uh julius amassing an enormous set of assets in the automotive industry now when we look at geely as a holy chinese company now they have uh they have one two three invest moves in car companies that's outside of china what are they doing inside of china in incutter prime ideally obviously has his own brand of course they've also started not just selling in distributing volvo cars and fight charter but also started manufacturing volvo cars in china and they're exporting volvo cars uh the up both to the united states uh and there are also now in the recent months starting to export cars the pierre trained across their russia basically going all the way to belgium to be distributed inside europe uh also launched a uh new brand call link and to call which if you pronounce it quickly sounds like lincoln but it's called limp inco.