It's been rumored for a while now that Malaysia's national automaker, Proton Holdings Bhd, is looking for a partner while recently it also became known that the company is considering selling the Lotus brand.
After certain reports on GM's interest in one of the firm's Malaysian plants appeared on the local media, Proton came out with an official statement confirming that it is in preliminary talks with General Motors to sell it a stake in its Tanjuing Malim factory.
"The Board of Directors of PROTON Holdings Berhad wishes to inform that talks with GM are only at a preliminary stage and as such warrants no announcement at this point in time," the Malaysian firm said in a statement.
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