KUALA LUMPUR (Oct 6): Japan's fourth largest carmaker Suzuki Motor Corp is reported to be considering an investment in Proton Holdings Bhd, in a move to expand its operations in the Southeast Asian region. According to a news report, Suzuki could acquire more than 50% stake in Proton, which will turn Proton into its subsidiary. The report added that Proton is expected to make a decision by March next year, quoting a source close to the matter. To recap, Proton had shortlisted five foreign candidates as its potential strategic partner as at the end of September, with the final decision to be made before mid-2017. Meanwhile, another report quoted four major automotive players as potential candidates, namely Volkswagen AG's Skoda unit, Renault SA and PSA Group, besides Suzuki.

Source: The Edge Markets October 06, 2016 09:33 UTC