Lotus' brave new world dead in the water? Proton may sell stake

Updated
Lotus
Lotus



It seems Proton is in a little trouble, therefore so is Lotus. Following a 76 percent drop in profits in the last quarter, it's rumoured that Proton may hawk its stake in Lotus Group International to make sure it can still make small, cheap, horrific hatchbacks for the few people who haven't heard of Fiat, Ford, Vauxhall, SEAT, MINI...

The news comes from a recent Bloomberg report and Gen Eng Peng, Head of HwangDBS Investment Management Bhd, who thinks the sale is more of a dead cert than Vettel winning an F1 race.

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