Malaysian state auto maker Perusahaan Otomobil Nasional Bhd (Proton) ups its share in Lotus Group International to 95% from 80%. The increase follows a rights issue by Lotus, which boosted Proton’s holdings to 44 million of the 46 million shares. Officials say the increased investment is significant in that it demonstrates a long-term commitment to Lotus both as a vehicle brand and for its advanced technologies and automotive engineering capabilities. The announcement reportedly also ...
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