Archive for the ‘Proton’ Category

Proton denies Lotus sale rumours

Following the Malaysian Government’s move to offload its stake in Proton to DRB-Hicom the car maker is denying the inevitable rumours that it wants to sell iconic sports car maker Lotus. Proton has released an official statement, which reads in part: “We are aware of the many concerns of the different parties related to Proton—especially [...]

Malaysian Government sells its share in Proton

News reports tell us the Malaysian Government has sold its stake in Proton for a reported AU$401m. An announcement on the implications for Lotus, owned by Proton, is expected in the next 24 hours or so. Khazanah Nasional, the state owned investment company, sold its 42.7% share in Proton Holdings to DRB-Hicom, which has also [...]