So why is GM so keen on buying into Proton? Here are some of our ideas...
- Proton owns Lotus, which was once owned by GM. Is this merely an effort to regain a lost love? Uh, not likely.
- GM rolled out the Volt electric concept last week in Detroit, despite reportedly not having the technology to back it up. Is it just coincidence that Lotus is working to design advanced electric vehicles for Obvio! and has been working with the Tesla gang? Or is GM angling to buy into that technology?
- Or is GM looking to get a piece of the Chinese-carbuilding action? Also not likely at all since they're already involved in building cars in China and doing quite well at it.
- Proton sells vehicles in many countries not served by the General. A stake in the Malaysian company could be seen as a good entry point to otherwise hard-to-reach markets.
[Source: Forbes via Paul Tan]