China: Geely to acquire special vehicles manufacturer

Geely Holding Group will reportedly sign an agreement later this week to acquire special vehicle manufacturer Zhejiang Zhongyu Automobile. The acquisition will allow Geely to expand into the domestic special vehicle market, a report carried by SinoCast said. Geely's intention is to obtain the intellectual property rights for the R&D of Subscribe to Automotive World … Continued

• By Webmaster
• February 25, 2010