The parent company of Geely Automobile Holdings Ltd said yesterday it plans to buy Chinese special vehicle maker Zhejiang Zhongyu Automobile Co as it moves to expand its product portfolio.
Zhejiang Geely Holding Group, which is close to a deal to buy Ford Motor Co's Volvo cars unit, gave no financial details for the purchase of Zhongyu Auto, a small manufacturer in East China that also makes premium multi-purpose vehicles.
Geely sets its sights on Zhongyu
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