KUALA LUMPUR DRB-Hicom has taken quite a beating in the four years since it reacquired Proton Holdings, Malaysia's embattled national carmaker, and the automotive conglomerate is now running out of time -- and money -- for a turnaround.
The government has thrown the company a lifeline in the form of a 1.5 billion ringgit ($362 million) soft loan, but it is conditional on DRB-Hicom finding a foreign partner willing to invest in Southeast Asia's sole indigenous automotive marque by March 2017.
