I heard some news about a possible acquisition in the automotive industry, specifically, I'm curious if Volvo, the well-known car manufacturer, has purchased Proton, another car company. I'd like to confirm if this is true.
7 answers
Riccardo
Sat Oct 26 2024
Zhejiang Geely Holding Group acquired a 49.9% stake in Proton in 2017.
Andrea
Sat Oct 26 2024
Zhejiang Geely Holding Group is a Fortune 500 company with a significant presence in the automotive industry.
noah_doe_writer
Sat Oct 26 2024
The company owns renowned brands such as VOLVO and Lotus.
KatieAnderson
Fri Oct 25 2024
The acquisition of Proton marked a strategic move by Zhejiang Geely Holding Group.
SolitudePulse
Fri Oct 25 2024
Through the additional finance provided by Geely, Proton was able to undergo a transformation.