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Shaken DRB seen seeking RM1.5b state loan

It is at a loss as to how to sustain carmaker Proton; the loan is to assist with new model development
Wednesday, March 16, 2016 - 05:50

Kuala Lumpur

PROTON Holdings has bled RM2.5 billion (S$831 million) in the four years since it was taken over by DRB-Hicom Bhd, leaving the conglomerate at a loss as to how to sustain the carmaker. Worried about the damage to the group, automotive executives say that DRB-Hicom has turned

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