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."
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