Geely Automobile Holdings said Tuesday that the Geely brand would be gone by 2012. However, the Chinese auto company will soldier on with its Gleagle, Emgrand and Shanghai Englon brands. In other words, Geely will no longer market a car that bears the parent company’s name.
The automaker, which recently bought Volvo from Ford, said that it planned to add more dealerships for its Emgrand luxury brand, and that its Shanghai Englon brand would focus on economy vehicles.
While China’s auto industry has seen phenomenal growth, the torrid pace has slowed a bit in recent months. The Associated Press reported that while March sales in China were up 60 percent from the month a year earlier, the August increase came in at only 18 percent.
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