Proton to be sold

Alex Goy
Proton Gen-2
Proton Gen-2


Rumours of Proton's financial woes are widespread and largely accurate. The company's in trouble. The Malaysian government has decided to sell its 43% stake in the company to DRB-Hicom for a rather hefty $410million.

Last year Proton recorded a 76% drop in profits and was rumoured to be selling Lotus to make up some of its losses.