China’s Geely Automobile Holdings recently bought a 49.9 per cent stake in Proton, Malaysia’s national car manufacturer. Photo: Reuters

Did Najib sell Proton to Chinese because it was Mahathir's brainchild?

Touted by Malaysia’s former premier as his brainchild, the struggling state-linked car manufacturer is now almost half-owned by a Chinese firm, a life lesson in the perils of subsidising ‘national icon’ industries

Topic |   Malaysia

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China’s Geely Automobile Holdings recently bought a 49.9 per cent stake in Proton, Malaysia’s national car manufacturer. Photo: Reuters
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