Lotus-Parent Proton Sold to Private Conglomerate DRB-Hicom

Lotus-Parent Proton Sold to Private Conglomerate DRB-Hicom
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In a deal eclipsing $410 million, DRB-Hicom purchased a 43 percent stake in Proton, a Malaysian automaker better known for its ownership of the famous British sports car brand, Lotus. Originally, the stake belonged to Malaysia’s state-owned Khazanah Nasional Bhd. However, as Proton has not made a profit in the last two years, multiple prospective… Continue Reading...