Malaysian Government Sells 42.7% Proton Stake to DRB-Hicom

There’s been a lot of speculation these past few weeks about the future of Proton. The Malaysian carmaker, which also owns Lotus, was reportedly looking to sell the loss-making British sportscar maker to SAIC or Genii Capital, something that Lotus CEO, Danny Bahar, dismissed as a rumor.

Last week, Proton released an official statement saying that it was negotiating with General Motors about selling a stake in its Tanjuing Malim factory.

Its board of directors also confirmed that the company’s chariman, Datuk Mohd Nadzmi Mohd Salleh, was interested in buying the 42.7 percent stake held by the state-owned investment company Khazanah Nasional Bhd.

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