Lotus could be bought by Geely with PSA Group taking over Proton
Struggling Malaysian company Proton could be taken over by PSA following a lengthy period of financial uncertainty
by Sam Sheehan
20 February 2017
AutoCar.co.uk
The PSA Group is in negotiations with Proton to purchase the company, but the Lotus brand could be bought by Chinese manufacturer Geely, reports suggest.
Although currently negotiating a deal to takeover General Motors Europe, PSA has confirmed it is talking to Proton over a move and is reportedly ready to invest and build a new plant in Malaysia.
A spokesperson for PSA said: "We are in the process of negotiation and have no further comments to add at this time."
Chinese manufacturer Geely, which owns Volvo, is also interested in purchasing Proton but may be offered a deal to take only Lotus. Those terms could suit PSA, which has less interest in the Lotus brand.
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Struggling Malaysian company Proton could be taken over by PSA following a lengthy period of financial uncertainty
by Sam Sheehan
20 February 2017
AutoCar.co.uk
The PSA Group is in negotiations with Proton to purchase the company, but the Lotus brand could be bought by Chinese manufacturer Geely, reports suggest.
Although currently negotiating a deal to takeover General Motors Europe, PSA has confirmed it is talking to Proton over a move and is reportedly ready to invest and build a new plant in Malaysia.
A spokesperson for PSA said: "We are in the process of negotiation and have no further comments to add at this time."
Chinese manufacturer Geely, which owns Volvo, is also interested in purchasing Proton but may be offered a deal to take only Lotus. Those terms could suit PSA, which has less interest in the Lotus brand.
CONTINUE AT LINK ABOVE