Proton for PSA, Lotus for Geely?

  • Business
  • Saturday, 18 Feb 2017

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.

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