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The guys over at China Car Times are super-stoked over news that Proton has inked a deal that will see the Lotus Europa built in China.

While it's pretty clear that GM is n government owns 53% of Proton and is in negotiations with several suitors to sell some of that stake, government officials say. Forbes reports that the Malaysian's want the deal finished by March, so we shouldn't have too long to wait. That same article states, "The current bid involves a plan to take a small stake in Proton at the holding level, as well as a stake in its manufacturing arm, Proton said."

After many months of deal / no deal, it looks like Volkswagen is ever closer to being a part owner of Malaysian automaker Proton, which, as you know, owns Lotus.