Geely can help Proton vendors penetrate global market
KUALA LUMPUR (March 14): Auto analyst Hezeri Samsuri has expressed confidence that Zhejiang Geely Holdings is capable of helping Proton vendors penetrate the global market, by supplying auto components for cars such as Volvo and Mercedes. which now come under the Chinese auto group.
He said that this was now possible as Geely, which purchased a 49.9% stake in national car maker Proton last year, recently bought a significant 10% interest in German auto group Daimler, which makes Mercedes Benz and acquired Swedish car maker Volvo in 2010.
As such, the national car manufacturer with Geely as a foreign strategic partner has become part of a potentially lucrative and technologically-advanced group comprising international brands such as Daimler, Mercedes Benz, Volvo cars and trucks, Lotus, as well as London Taxi Cabs.
Quelle + Volltext: www.theedgemarkets.com/article/...dors-penetrate-global-market