Volvo Owner and PSA in Race to Snap up Lotus, Parent Company, or Both

There's a battle brewing between France and China over a famous Malaysian-owned British automaker. Who said globalization was in danger? Geely, Volvo's Chinese parent company, is in talks to buy Proton, the Malaysian owner of the famed Lotus brand, the Financial Times reports. Proton's not doing well these days, all thanks to an influx of […] The post Volvo Owner and PSA in Race to Snap up Lotus, Parent Company, or Both appeared first on The Truth About Cars. from The Truth About Cars http://ift.tt/Jh8LjA