Bowing to public pressure and the looming collapse, Proton is once again in talks with VW and is considering giving approval for the German giant to take a controlling stake in the company. It was previously announced that the Malaysian government has given the green light for a foreign company to take 51% of the voting rights in Proton’s manufacturing arm, with a focus on control. Proton has reportedly been in talks with China’s Chery Automobile Co., India's Mahindra & Mahindra Ltd, and France’s Peugeot Citroen PSA Group.
Less than a decade ago, Proton was in much better shape. The company produced several major models and even managed to acquire a significant stake in UK’s Lotus. Together the two companies developed some amazing vehicles such as the APX crossover concept and the old Satria GTI that also had a helping hand from Mitsubishi.