Mergers And Acquisitions
| UPDATED: May 24 8:56 CET - new story

Geely will buy stakes in Malaysia's Proton, U.K. 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 U.K. sports car company Lotus from Proton.

Tesla learns how to be a German automaker

Tesla's rush to produce the Model 3 has a subplot that shows how much the company's ambitions depend on German expertise -- and why German automakers are confident they can match anything Tesla throws at them.