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Chinese carmaker Geely to acquire Malaysia’s Proton

Chinese automaker Geely has agreed to buy struggling Malaysian manufacturer Proton from DRB-Hicom.
Zhejaing Geely Holding Group, which controls Hong Kong-based Geely Automobile and Sweden’s Volvo Car Group, will acquire 49% of Proton. Proton also controls British sports-car maker Lotus.
Other potential bidders have....

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