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.