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Automobiles

Shares rev up as Geely explores merger with Volvo Cars

Marriage could pave way to Stockholm listing and improved access to technology

A logo of Geely automobile company. Markets responded in kind to Geely's announcement, sending its Hong Kong-listed shares up almost as much as 12% during Tuesday trading.    © Reuters

HONG KONG (Nikkei Markets) -- Shares of Geely Automobile Holdings surged on expectations that a potential merger with Volvo Cars would bolster its standing among Chinese automakers, improving profitability as well as access to technology and funding.

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