Zhehjiang Geely Holding Group Completes Terrafugia Acquisition

China’s Zhehjiang Geely Holding Group, the owner of auto manufacturers Volvo and Lotus, has completed its acquisition of roadable-aircraft developer Terrafugia.With Geely’s backing, the tiny Woburn, Massachusetts, development now intends to deliver its first Transition flying car in 2019 and follow...

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