Shareholder Value
| UPDATED: May 24 8:56 CET - new story

Geely will buy stakes in Malaysia's Proton, UK automaker Lotus

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

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