UPDATE 1-Geely agrees to acquire Australian parts supplier

Newswire

* Geely acquires automatic transmission supplier DSI * Pledges to boost DSI's research and development * No financial details of transaction provided By Fang Yan (Adds confirmation by Geely, background) SHANGHAI, March 27 (Reuters) - Geely Automobile Holdings, a fast growing mid-sized Chinese carmaker, said on Friday it had acquired Australian automatic transmission supplier Drivetrain Systems International (DSI), confirming an earlier Reuters report. Under the agreement, Geely ...

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