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China’s Geely will buy a majority stake in Lotus as the British sports-car maker’s Malaysian owner attempts to recoup years of losses and expand its fledgling Proton brand to China. Geely’s parent company, Zheijang Geely Holding Group, has owned Volvo since 2010. When the deal closes in July, the company will also own 49.9 percent […]
New Ford CEO Jim Hackett's base salary rose from $716,000 to $1.8 million. His total compensation for this year is valued at up to $13.4 million.
Mining for profits in the coal business usually involves mining actual coal. Hong Kong-listed Yanzhou Coal Mining found another source.