Chinese auto maker Geely Automobile Holdings Ltd. makes a major move into Australia, signing a A$58 million ($40 million) agreement to buy Drivetrain Systems International Pty Ltd., which filed for bankruptcy protection in February. DSI manufactures automatic transmissions, exporting about 70% of its production, worth A$80 million ($55.4 million), to South Korea, Russia and India. The company went into receivership after losing a large contract when South Korean truck maker Ssangyong ...
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