Comment on China's Geely to buy Lotus, take stake in Malaysia's Proton

China's Geely to buy Lotus, take stake in Malaysia's Proton

KUALA LUMPUR, Malaysia (AP) — Chinese automaker Geely has agreed to buy a 49.9 percent stake in Malaysian manufacturer Proton, in a deal aimed at reviving the loss-making company. [...] Finance Minister Johari Abdul Ghani, who witnessed the signing ceremony, said the deal will give Proton "a real chance of making a comeback, a huge one I hope."

 

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