Just weeks after Proton Holdings concluded talks with Volkswagen about a potential partnership, another Malaysian company has reportedly inquired about buying Proton’s share in Lotus. According to a report by Reuters, a ‘Malaysian carmaker’ has contacted Proton about buying its 63.75 percent stake in Lotus.
Edge news paper says that Proton faces two obstacles if it decides to sell Lotus. Proton has an agreement to sell Lotus technology to a Chinese company and it also needs Lotus technology for future products it plans on introducing.
Proton’s stock dropped 18 percent on the day the talks ended with Volkswagen.
Source: Inside Line
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