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 Buys Majority Stake in Lotus appeared first on
Motor Trend.
More...