Former Malaysian prime minister Mahathir Mohamad said Thursday that he “cried” over the sale of one-time national car company Proton Holdings Berhad to Chinese automaker Zhejiang Geely Holdings Group Co.
Geely is a Chinese carmaker which sells cars under the brands Emgrand, Englon, Geely, Gleagle and Volvo, which it acquired from Ford Motor in 2010 for US$1.8 billion. A Geely unit is listed on the Stock Exchange of Hong Kong.
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