KUALA LUMPUR -- Chinese automaker Zhejiang Geely Holding Group agreed on Friday to purchase stakes of 49.9% in Proton Holdings of Malaysia and 51% in Lotus of the U.K., both owned by Malaysian automotive group DRB-Hicom, for a total of $235 million.
Business
China's Geely buys big stakes in Proton, Lotus for discounted price of $235m
Carmaker is considering assembling Volvos at acquired plant in Malaysia
