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Geely profits up 32% over 2012

March 22, 2013 by Joey Wang

Geely profits up 32% over 2012

Geely Automobile Holdings Ltd, the publicly traded unit of China’s biggest private automaker, has reported a strong sales performance for 2012, thanks to a doubling in exports.

The company’s net profits climbed 32 percent to 2.04 billion yuan ($328 million), compared to 1.54 billion yuan in 2011. Total revenue rose 17 percent to 24.6 billion yuan. It more than doubled its exports during the year, compared with a decline in local sales.

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Spotted: Mercedes Benz S65 AMG Limosine

March 9, 2010 by Tycho de Feijter

This monsterlike machine belongs to the richest man of Zhejiang province, he got his money by investing in real estate. He has a lot of cars but this one is mad. A stretched Mercedes Benz S65 AMG limosine.

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