China’s Geely to Acquire Majority Stake in Lotus

China’s Geely will buy a majority stake in Lotus as the British sports-car maker’s Malaysian owner attempts to recoup years of losses and expand its fledgling Proton brand to China. Geely’s parent company, Zheijang Geely Holding Group, has owned Volvo since 2010. When the deal closes in July, the company will also own 49.9 percent […]

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