PETALING JAYA: Proton Holdings Bhd recently made headlines when it announced that its five-year strategy to turn sports car unit Group Lotus plc to profitability could cost up to 480mil (RM2.37bil).
According to a statement by the national car company to Bursa Malaysia last week, the projected capital expenditure (capex) would be financed via internally generated monies and “externally secured” funding which includes the recently-inked sponsorship agreement of Formula One (F1) race team, Renault F1 Team Ltd.
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