China’s Geely to take over Proton and Lotus
This afternoon, the automotive grapevine has been veritably buzzing in Malaysia, with the news that the Chinese auto manufacturer has been the successful of the two bidders to take over Malaysia’s ailing national car manufacturer, Proton, from DRB-Hicom. Geely, who also owns Sweden’s Volvo Group and the London Taxi Company, is said to have taken a 49.9% share in the Malaysian company.






