Chinese conglomerate Geely will purchase 51 percent of Lotus in a deal that promises to accelerate the growth of the U.K. sports-car maker. Geely is also buying*a 49.9 percent stake in Proton, Lotus’ struggling parent company. The deal will expand and accelerate the rollout of new products and technologies for Lotus, Geely CFO Daniel Donghui...
The post
Geely Purchases Majority Stake in Lotus appeared first on
Automobile Magazine.
More...
Geely Purchases Majority Stake in Lotus
