Geely withdraws Proton/Lotus bid, leaving Peugeot parent as only suitor

Geely has withdrawn its bid to enter into a partnership with Proton, leaving the PSA Group, parent company of Peugeot, Citroen and DS, as the Malaysian national car maker’s only remaining partner candidate.
An Conghui, Geely’s president, confirmed the news to the South China Morning Post, although he didn’t tell the newspaper why Geely decided to withdraw from the bidding process.
Li Shifu, Geely’s chairman, complained to Bloomberg earlier this month that Proton “h