UPDATE 2-Malaysia to buy back Proton stake from Mitsubishi

Newswire

(Recasts, adds comments) By Liau Y-Sing KUALA LUMPUR, Feb 20 (Reuters) - Japan's Mitsubishi is in talks to sell its stake in Malaysian state-controlled auto maker Proton back to the government as Proton steps up its search for a new foreign partner to help it battle falling sales. A sale would mark an end to Mitsubishi's 19-year partnership with Proton, the national car firm that makes a ubiquitous car modelled on Mitsubishi designs. A source close to Malaysia's state investment arm ...

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