Proton might abandon Lotus to save itself
Proton might abandon Lotus to save itself
In order to raise funds, DRM-Hicom, Proton's owner, might be selling its major stake of the British brand to save itself. This comes after the Malaysian government gave Proton the nearly S$500 million in financial aid back in April, reported Automotive News Europe.
Proton is believed to have sent out the sale proposal to almost 20 other automotive brands in its attempts to find a new parent for Lotus. Suzuki, Renault and Peugeot have since confirmed that they're responding to the proposals but have declined to comment on the outcome.
With the all new Elise due soon, this could spell trouble for the brand and its future product plans.
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