Chinese automaker Geely doubles profit on next-gen car sales boost

Mar 22, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

BEIJING (Reuters) – China’s Geely Automobile Holding Ltd , whose unlisted parent owns Sweden’s Volvo, on Wednesday said net profit more than doubled in 2016, the biggest rise in eight years as sales of its next-generation of vehicles outstripped expectations.