Geely will buy stakes in Malaysia's Proton, U.K. automaker Lotus

Chinese automaker Geely Holding, owner of Volvo, will buy a 49.9 percent stake in struggling Proton from Malaysian conglomerate DRB-Hicom. Geely will also acquire a 51 percent share in U.K. sports car company Lotus from Proton.

| UPDATED: 5/24/17 12:11 pm ET - adds details
CDK buys Auto/Mate in consolidation of DMS providers

Dealer software giant CDK Global has struck a deal to acquire Auto/Mate, a smaller rival in the dealership management system market

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