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Latest in Tag: Lotus

China carmaker Geely secures stakes in Proton and Lotus

China’s Geely Group has stepped up its global expansion drive by buying into Malaysia’s troubled carmaker Proton. It also secured a huge stake in British automaker Lotus as part of the Kuala Lumpur investment.Chinese auto giant Geely on Wednesday announced it had bought a 49.9-percent stake in Malaysia’s carmaker Proton. As part of the deal, …

Deutsche Welle

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