Proton for PSA, Lotus for Geely?


FILE PHOTO - A worker checks new Proton cars at a yard near Kuala Lumpur January 12, 2009. REUTERS/Zainal Abd Halim/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH BUSINESS WEEK AHEAD 13 FEB FOR ALL IMAGES

DRB-Hicom Bhd is most likely to sell a controlling stake in Proton Holdings Bhd to French auto giant PSA Group, which produces Peugeot cars, according to sources.

“PSA is ready to invest a lot of money in Proton and build a new plant in Tanjung Malim, Perak. It has presented the best proposal to rescue and expand Proton’s operation in Asean,” the source says.

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , proton

   

Next In Business News

AME Elite and AME REIT announce RM119.5mil industrial properties transaction in Iskandar Malaysia
Malaysian semiconductor exports to reach RM1.2 trillion by 2030 - MSIA
Ringgit closes slightly higher against the greenback
BOS Wealth Management partners with OCBC Malaysia to expand market reach
Korea’s OCI said to weigh RM1.5bil IPO for Malaysia unit
BAT reports lower 2Q24 earnings
AAX carries carries 880,265 passengers in 2Q24, surges 42% YoY
Moody's Ratings: Malaysia to benefit from data centre demand spillover
MN Holdings bags RM136mil substation engineering contract
United Plantations to focus on operations amidst global uncertainties

Others Also Read