Market Chatter: Geely to Consolidate Three Digital Cockpit Making Units Into One

MT Newswires Live
28 Mar

Geely Automobile (HKG:0175) plans to integrate three units manufacturing digital cockpit systems into a single unit, Reuters reported Thursday, citing insiders.

The digital cockpit teams from the Geely, Lynk & Co and Zeekr brands have almost 2,000 engineers, but it is not yet sure how many will be affected by the merger, the report said.

Geely told Reuters in a statement that it has no plans for redundancies amid the optimization of its internal resources, which is expected to boost its brands' development and technology, the report said.

Geely's shares slipped less than 2% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10