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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.
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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