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