Geely, the Hong Kong car company that owns Volvo, is acquiring control of British car company Lotus.
Geely is purchasing a 51 percent stake in Lotus from struggling Malaysian car company Proton, and a 49.9 percent stake in Proton itself. Etika Automotive will gain the other 49...
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Wednesday, May 24, 2017
China's Geely buying majority stake in Lotus
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