Mitsubishi Motors Corp., on the brink of a financial restructuring, is in talks to sell its 7.9% stake in Malaysian national auto maker Perusahaan Otomobil Nasional Bhd (Proton) back to the government. The deal comes at a time when Mitsubishi is looking to solidify its financial picture and Proton is beginning a search for a new foreign partner to shore up falling sales. Proton and Mitsubishi’s partnership stretches back 19 years, and most of Proton’s cars are based on Mitsubishi design. ...
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