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Future of Lotus expected to be outlined today
publication date: Jan 17, 2012
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author/source: Robin Roberts
The
future of Lotus is expected to be revealed today.
Yesterday,
it was confirmed that the Malaysian Government has sold its stake in Proton,
the parent company of Lotus, to a vehicle assembly company in Malaysia. Malaysia's state-owned investment firm has sold its
stake in Proton in a deal worth $410m. |  | No announcement has yet been made over
the future of Lotus, which is owned by the struggling carmaker.
Khazanah Nasional sold its 42.7 per cent stake in
Proton Holdings to car distributor and importer DRB-Hicom and expects to
complete the deal by the second quarter of the year.
DRB-Hicom builds and distributes Mercedes and
Volkswagen models, and has eight assembly plants, four of which are for cars.
The deal gives DRB control of two plants in Malaysia with a combined capacity of
350,000 units per year. | | |
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