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Business

Geely takes top stake in Swedish truck maker AB Volvo

Deal, seen topping $3bn, helps Chinese automaker expand footprint in commercial vehicles

The Volvo FH16 appears on display at a truck show in Germany last year.   © Reuters

BEIJING -- Chinese automaker Zhejiang Geely Holding Group will become the largest shareholder of AB Volvo, the Swedish maker of commercial vehicles.

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