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.
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
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