Geely signs final contract with DRB-Hicom

KUALA LUMPUR: Chinese carmaker, Zhejiang Geely Holding Group, has signed a final contract with DRB-Hicom Bhd, acquiring 49.9 per cent of the latter and 51 per cent stake in luxury sports car brand Lotus. In a statement here, the company said, the acquisition was expected to be completed in three months, after which Geely  would … Continue reading Geely signs final contract with DRB-Hicom