Malaysia’s state owned Proton has been losing market share to a host of international competitors as well as Malaysia’s own Naza and Perodua Motors. Its market value is at an all time low, so it comes as little surprise that there are several major carmakers interested in bidding for the company, including General Motors which is reported to be planning a bid of its own. GM would join Volkswagen AG and PSA Peugeot Citroen which are also reported to be preparing their own bids.
Proton has a major controlling arm in the UK’s Lotus, so any manufacturer that gets its hands on the Malaysian carmaker will be able to exploit the talents of the maker of some of the best handling cars on the planet.
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