Geely says to invest $92 mln in China JVs


HONG KONG, July 26 (Reuters) - Chinese car maker Geely Automobile Holdings Ltd. said on Wednesday it would invest a further US$92 million in two mainland car joint ventures to develop new models, expand production facilities and buy machinery. Geely said in a statement that registered capital of Zhejiang Geely Automobile Co. Ltd. would be increased to US$231.01 million from US$82.80 million, and it would contribute US$69.38 million. Geely has a 46.81 percent stake in the venture. The ...

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