9:22 am | Friday, September 5th, 2014
AFP file photo
HANGZHOU, China – Geely car manufacturers say its global sales fell as the market has become jittery amid conflicts in Ukraine and the Middle East.
Prices of fuel rose as a result of the wars in oil-producing regions, prompting customers to defer plans to buy new cars, said Ash Sutcliffe public relations officer of Geely Holding Group Co. Ltd.
Sutcliffe will not say the percentage of the decline in global sales of Geely, one of China’s leading automobile makers.
Exports to fast developing Southeast Asian nations are expected to boost revenues, he said.
Sutcliffe said the perception of China products as substandard has changed.
“We’re now very much in the era of Chinese cars,” he said.
Geely has acquired Volvo Cars and The London Taxi Company.
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