Sidecar racers have the biggest cojones
True enough Josh.But Proton are now owned by DRB Hicom. not the Malysian government.Added to which Genii have just completed a due diligence inspection of Group Lotus with an intention to buy.Yeah but Lotus F1 isn't the same as Group Lotus... Group Lotus is still owned by Proton.
KUALA LUMPUR, Malaysia (AP) — Malaysian conglomerate DRB-Hicom Berhad said Monday it will buy national carmaker Proton in a 3 billion ringgit ($957 million) deal that could help revive Proton's flagging fortunes.
DRB-Hicom said it would pay 1.29 billion ringgit ($412 million) for government investment arm Khazanah Nasional's 43 percent
stake in Proton. It will then make an offer for all Proton shares it doesn't own at 5.50 ringgit ($1.80) a share. Analysts said this would bring the total deal to around 3 billion ringgit.
Khazanah said the share sale would help put Proton on a more competitive footing. Analysts said it could help turnaround the struggling carmaker, which has failed in recent years to seal tie-ups with foreign carmakers including Volkswagen AG due to the government's insistence on maintaining control over a high profile local company.
DRB-Hicom, controlled by billionaire tycoon Syed Mokhtar Al-Bukhary, distributes and assembles vehicles for Volkswagen, Daimler AG's Mercedes-Benz and Honda Motor Co. The group is also involved in banking, services and property sectors.