General Motors is said to be considering a buyout of Malaysian car maker Proton.
Proton, which is owned by the Malaysian state, is currently making a loss, and a tie-up with another firm could help it out of financial difficulties.
A buyout would also give struggling GM a foothold in the expanding Far Eastern market. Proton has state-of-the-art production facilities that could be used to construct low-cost cars.
Proton is also the owner of Lotus, which GM previously owned in the 1980s. While GM has made use of Lotus's engineering skills, it is unclear if it would want to keep the Norfolk firm if it buys Proton.
VW has also previously expressed an interest in buying Lotus, though recent speculation that it could dispose of its high-end supercar brands Bugatti and Lamborghini makes a VW buyout less likely.
Come back later for further updates.
Join the debate
Add your comment
Well, I hope this partnership
Well, I hope this partnership will prove good for this company and it will come out from its crisis phase. Although it’s a very tough time to face the downtime of any company. For the owner, this is a really threatening situation. Must visit www.resumeshelpservice.com/resumego-review website for the more such inspirational updates.