Malaysia's Proton approached to sell Lotus - paper

Newswire

KUALA LUMPUR, Dec 27 (Reuters) - A Malaysian car-maker has approached the country's biggest auto firm, Proton Holdings Bhd, to buy Proton's controlling stake in British sports-car subsidiary, Lotus, the Malaysian Reserve said on Thursday. Proton bought 63.75 percent of Lotus in 1996 for 40.64 million pounds ($81 million), the daily said. Lotus make sports cars and also runs an auto engineering consultancy. The approach followed the collapse last month of a proposed alliance between ...

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