Geely has acquired Australian automatic transmission manufacturer Drivetrain Systems International. Drivetrain Systems International is the company that supplies the 6-speed automatic transmission to Korean car company Ssangyong, which is used in the updated Ssangyong Actyon truck sold here in Malaysia. It also supplies transmissions for the Australian-built Ford Falcon and the Ford Territory.
The deal is set to help Geely expand its product line and improve its ability to develop, produce and equip its cars with competitive transmissions. Drivetrain Systems has an annual production capacity of 180,000 transmissions. No financial details related to the deal were revealed.