{"id":32938,"date":"2024-09-23T09:44:46","date_gmt":"2024-09-23T07:44:46","guid":{"rendered":"https:\/\/www.sustainable-bus.com\/?p=32938"},"modified":"2024-09-23T12:55:32","modified_gmt":"2024-09-23T10:55:32","slug":"menarinibus-industria-italiana-autobus-geely","status":"publish","type":"post","link":"https:\/\/www.sustainable-bus.com\/news\/menarinibus-industria-italiana-autobus-geely\/","title":{"rendered":"Chinese Geely set to invest in Industria Italiana Autobus? Looks like a fake news&#8230;"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.sustainable-bus.com\/news\/ccig-crrc-china-italy-industria-italiana-autobus-menarinibus\/\">It seemed done with the Chinese giant CCIG<\/a> and instead to enter the share capital of the former Industria Italiana Autobus, now <strong>Menarinibus<\/strong>, is another Chinese giant: <strong>Geely Group<\/strong>. At least, this was the news circulating on local media during the weekend. Now, sources well informed on the facts, <a href=\"https:\/\/www.autobusweb.com\/menarinibus-geely-group\/\">quoted by Italian trade media Autobusweb<\/a>, <strong>deny the news about a board meeting held last week to evaluate the proposed partnership with the Chinese group Geely<\/strong>. In fact, there would be no real confirmation of what was reported.<\/p>\n\n\n\n<p>A few steps back. Despite a quite good order book,\u00a0<a href=\"https:\/\/www.sustainable-bus.com\/news\/industria-italiana-autobus-citymood-electric\/\" target=\"_blank\" rel=\"noreferrer noopener\">the launch two years ago of the first electric 12-meter<\/a>, the birth in Flumeri of the Industry 4.0 carbon free bus academy, the\u00a0<a href=\"https:\/\/www.autobusweb.com\/partnership-nogebus-iia\/\">agreement with Nogebus<\/a>\u00a0(failed) to sell urban in Spain and Portugal, and\u00a0<a href=\"https:\/\/www.sustainable-bus.com\/fuel-cell-bus\/caetanobus-industria-italiana-autobus-fuel-cell\/\" target=\"_blank\" rel=\"noreferrer noopener\">the partnership with CaetanoBus for a hydrogen bus<\/a>,\u00a0<strong>Industria Italiana Autobus<\/strong>\u00a0in the last few year\u00a0<a href=\"https:\/\/www.sustainable-bus.com\/news\/the-industria-italiana-autobus-case-well-explained\/\">has not been able to deliver vehicles<\/a>. The company has been put on sale\u00a0and <a href=\"https:\/\/www.sustainable-bus.com\/news\/industria-italiana-autobus-shareholder-manifestation-of-interest\/\">a group of Italian companies provided a manifestation of interest to become shareholder in early 2024.<\/a><\/p>\n\n\n\n<p>However, in June 2024, it was officially announced that\u00a0<strong>Seri Industrial, led by Vittorio Civitillo, acquired a 98% stake in IIA<\/strong>, effectively becoming the principal owner of the company, that until then had been owned by state companies Invitalia (43%) and Leonardo (29%) with also Turkish OEM\u00a0<strong>Karsan<\/strong>\u00a0in the ownership structure with 28%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Who is Geely Group<\/h2>\n\n\n\n<p>Geely Automobile Holdings Limited, founded in 1997, is a Hanhzhou-based automobile manufacturer, strong with 12 production facilities and more than 50,000 employees. Since late 2017, it has been a shareholder of Volvo Group and owner of Volvo Cars, with which it started the Lynk &amp; Co joint venture, while since 2018 it has also been among the shareholders of Daimler AG. Since 2022, however, it has held 7.60 percent of Aston Martin.<\/p>\n\n\n\n<p>In short, a strong and well-established entity in the automotive sector, which has within it the <strong>Farizon<\/strong> division, dedicated to the production of commercial vehicles: heavy trucks, light trucks and small trucks, buses, and vans.<\/p>\n\n\n\n<p><strong>As for buses, there are five models in the range: three Class I, one Class II and one Class III, all electric.<\/strong><\/p>\n\n\n\n<p>The next developments at Menarinibus include maintaining production at the Flumeri plant, where, according to the new ownership&#8217;s plans, <strong>2.5 buses per day are to be built<\/strong>, while for the future and the fate of the 77 workers in Bologna, the Civitillo family (Seri Industrial, Menarinibus&#8217;s majority shareholder) would like the Emilian factory to focus exclusively on design and maintenance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sources well informed on the facts, quoted by Italian trade media Autobusweb, deny the news about a board meeting held last week to evaluate the proposed partnership with the Chinese group Geely. In fact, there would be no real confirmation of what was reported.<\/p>\n","protected":false},"author":1,"featured_media":32950,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Menarinibus partner is not CCIG, but Chinese giant Geely Group<\/title>\n<meta name=\"description\" content=\"Sources well informed on the facts, quoted by Italian trade media Autobusweb, deny the news about a board meeting held last week...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sustainable-bus.com\/news\/menarinibus-industria-italiana-autobus-geely\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Menarinibus partner is not CCIG, but Chinese giant Geely Group\" \/>\n<meta property=\"og:description\" content=\"Sources well informed on the facts, quoted by Italian trade media Autobusweb, deny the news about a board meeting held last week...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sustainable-bus.com\/news\/menarinibus-industria-italiana-autobus-geely\/\" \/>\n<meta property=\"og:site_name\" content=\"Sustainable Bus\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/sustainable.bus\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-23T07:44:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-23T10:55:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.sustainable-bus.com\/wp-content\/uploads\/2024\/09\/IIA-1140x644-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1140\" \/>\n\t<meta property=\"og:image:height\" content=\"644\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editorial Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editorial Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.sustainable-bus.com\/news\/menarinibus-industria-italiana-autobus-geely\/\",\"url\":\"https:\/\/www.sustainable-bus.com\/news\/menarinibus-industria-italiana-autobus-geely\/\",\"name\":\"Menarinibus partner is not CCIG, but Chinese giant Geely Group\",\"isPartOf\":{\"@id\":\"https:\/\/www.sustainable-bus.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.sustainable-bus.com\/news\/menarinibus-industria-italiana-autobus-geely\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.sustainable-bus.com\/news\/menarinibus-industria-italiana-autobus-geely\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.sustainable-bus.com\/wp-content\/uploads\/2024\/09\/IIA-1140x644-1.jpeg\",\"datePublished\":\"2024-09-23T07:44:46+00:00\",\"dateModified\":\"2024-09-23T10:55:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.sustainable-bus.com\/#\/schema\/person\/e15e2f4cc5f1330067791d8db9eb36b8\"},\"description\":\"Sources well informed on the facts, quoted by Italian trade media Autobusweb, deny the news about a board meeting held last week...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.sustainable-bus.com\/news\/menarinibus-industria-italiana-autobus-geely\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.sustainable-bus.com\/news\/menarinibus-industria-italiana-autobus-geely\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.sustainable-bus.com\/news\/menarinibus-industria-italiana-autobus-geely\/#primaryimage\",\"url\":\"https:\/\/www.sustainable-bus.com\/wp-content\/uploads\/2024\/09\/IIA-1140x644-1.jpeg\",\"contentUrl\":\"https:\/\/www.sustainable-bus.com\/wp-content\/uploads\/2024\/09\/IIA-1140x644-1.jpeg\",\"width\":1140,\"height\":644,\"caption\":\"industria italiana autobus geely\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.sustainable-bus.com\/news\/menarinibus-industria-italiana-autobus-geely\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.sustainable-bus.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chinese Geely set to invest in Industria Italiana Autobus? 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