Wednesday, January 10, 2007

Is GM acquiring stake in Proton

The Business Times (The New Straits Times) reported that General Motors is planning to make a bid for an unspecified stake in the Malaysian automaker Proton Holdings, as early as this month.

However, according to Proton's head of group corporate communications Faridah Idris,
Proton Holdings Bhd is not aware of a reported move by GM.

Related post:
- Malaysia's Proton says unaware of reported approach by GM for stake
- Report: GM may bid for stake in Proton

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