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Proton

Proton Sales Jumps 13% In Oct 2017

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KUALA LUMPUR – Proton has recorded a 13 per cent jump in sales in October 2017 to 5,083 units compared with 4,498 units in the previous month. For the January–October 2017 period, it registered a 6.0 per cent increase in sales to 61,380 units from 57,734 units in the same period last year. In a…

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Proton Sales Improve 12.5% Year-To-Date

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  KUALA LUMPUR – Proton Holdings Bhd recorded a 12.5% increase in sales year-to-date, with 56,297 units sold compared with 50,091 units recorded in the same duration last year. Despite the large decline in overall car sales in September due to the regular public holidays in Malaysia, the year to-date total industry volume (TIV) rose…

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Proton’s Reset To Go International Begins In Earnest

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  KUALA LUMPUR – The significant management changes announced about a week ago by Proton is undoubtedly a turning point in the national car manufacturer’s long-term quest to emerge as a successful international brand. Dr Li Chunrong, who takes over as Chief Executive Officer (CEO) of Proton Holdings Bhd’s manufacturing arm, comes armed with global…

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Proton Restructuring Can Revive Asean Car Project

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KUALA LUMPUR – The restructuring of Perusahaan Otomobil Nasional Sdn Bhd (Proton) could see the revival of the ASEAN Car project, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. He said for the ASEAN Car project to be materialised, Proton would need to get the agreement of all ASEAN countries. The ministry, which…

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Li Chun Rong To Lead Proton’s Global Operations

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  BEIJING – China’s Zhejiang Geely Holding Group and Malaysia’s DRB-Hicom Bhd said on Friday Li Chun Rong has been nominated to run Malaysian automaker Proton Holdings Bhd’s global operations as part of a broader management reshuffle. Li had previously worked for major automakers such as Honda Motor Co, Kia Motors Corp and China Dongfeng…

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Rent Proton For RM45 Daily For Uber Service

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KUALA LUMPUR – Those seeking to generate their own income can now apply to be a Uber driver by renting Proton cars from just RM45 a day. Called the Quick Ride, the service follows the signing of a memorandum of understanding (MoU) between the e-hailing service provider, national automaker Proton and Quick Ride Sdn Bhd,…

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Proton’s Tanjung Malim Factory To Pioneer Industry 4.0

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IPOH – Malaysia’s national carmaker Proton Holdings Sdn Bhd is set to be the principal and pioneer automotive factory in the country to implement the new manufacturing technology under the Fourth Industrial Revolution (Industry 4.0). Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan, said the factory located in Proton City, Tanjung Malim, had been selected as the principal automotive…

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Manufacturing Geely’s SUVs Will Help Drive Proton’s Business

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  KUALA LUMPUR – The most exciting prospect for Proton Holdings Bhd moving forward lies in the rights it secured from its new foreign strategic partner to manufacture sport utility vehicles (SUVs), a car analyst said today. The deal with China’s Zhejiang Geely Holding Group Co Ltd (Geely) will enable Proton to produce immediate result…

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Proton Offers Free 20-Point Safety Inspection For Hari Raya

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KUALA LUMPUR – Proton Holdings Bhd is offering a free 20-point safety inspection to customers at all its authorised service centres in conjunction with the Hari Raya holidays. In a statement today, Proton said, the programme was jointly organised with Petronas and the Petronas Coffee Break campaign. “The safety inspection will include checks on the…

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Asean And China Beacon For Proton With Geely

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  KUALA LUMPUR – The Asean countries and China are now within reach for Proton to market its cars following its recent strategic partnership deal with China’s Geely Holding Group Co Ltd, said geo-strategist, Dr Azmi Hassan. “One thing is clear from the start, Geely is aiming for the global market as this has been…

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Enough Is Enough, Minister Tells Critics Over Proton Deal

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  PETALING JAYA – Datuk Seri Mustapa Mohamed wants all quarters to stop their criticism of Proton Holdings Bhd’s deal with a Chinese automative company, claiming the move was only logical if it was to succeed. The International Trade and Industry Minister said the deal to sell 49.9% of Proton’s stake to Zhejiang Geely Holding…

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With Geely, Proton Can Achieve Economies Of Scale

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KUALA LUMPUR – The economies of scale factor which has eluded national carmaker Proton Holdings Bhd for a long time, can be achieved via its newly-signed strategic partnership agreement with China’s Geely, a research institute director said today. Dr Irwan Shah Zainal Abidin, Director of the Asian Institute of Banking and Finance at Universiti Utara…

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Proton To Lose RM1 Billion Annually If Not Restructured- PM

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SEREMBAN – National automotive company Proton is expected to lose RM1 billion annually if not restructured, said Prime Minister Datuk Seri Najib Tun Razak. He said last year, the company suffered a loss of RM500 million on the back of discouraging sales of about 72,000 units at 6,000 monthly. “The government in 2016 assisted with…

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Proton Set To Prosper In Mega Cross-Border Deal

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KUALA LUMPUR – Proton Holdings Bhd’s switching from a single-country sole ownership to a cross-border international joint venture with China’s Zhejiang Geely Holding Group Co, in a mega deal signed on Wednesday, is certainly Malaysia’s corporate News of the Year. The question everyone is asking is: “Will it work?” What the deal means is that…

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Proton Set To Prosper In Mega Cross-Border Deal

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KUALA LUMPUR – Proton Holdings Bhd’s switching from a single-country sole ownership to a cross-border international joint venture with China’s Zhejiang Geely Holding Group Co, in a mega deal signed on Wednesday, is certainly Malaysia’s corporate News of the Year. The question everyone is asking is: “Will it work?” What the deal means is that…

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DRB-Hicom Sells 49 Pct In Proton To China-Based Geely Holding

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PUTRAJAYA – DRB-HICOM Bhd (DRB-HICOM) has reached an agreement with China-based Zhejiang Geely Holding Group Co. Ltd (Geely Holding) for the Chinese car group to acquire a 49.9 per cent equity in Proton Holdings Bhd. DRB-HICOM currently owns 100 per cent of the manufacturer of the first national car. The agreement was signed today and…

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Why Are Global Players Chasing Proton?

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KUALA LUMPUR – In Malaysian automotive circles, the guessing game has begun in earnest, as to who would emerge as Proton’s foreign strategic partner (FSP) and if a deal is now imminent. Since bid submissions closed more than two months ago, intense negotiations had been going on behind the scene to become Proton’s FSC moving…

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Foreign Interest Will Take Proton From Local To Global

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KUALA LUMPUR – News that all bidders are still in the running to be Proton’s strategic foreign partner is a strong sign that many parties want to take the Malaysian car maker from local to the global market, a prominent geo-strategist said today. Azmi Hassan said that looking at similar deals around the world, a…

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Why Two Foreign Bidders Regard Proton As Valuable

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By Azman Ujang KUALA LUMPUR – Two huge car companies with global operations are now running neck-and-neck bidding for a majority stake of Proton, with both offering many sweeteners to win over the Malaysian car maker. This may seem odd to Malaysians, who are more accustomed to hearing stories of losses at Proton Holdings Berhad,…

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Proton Can Compete Internationally With Foreign Strategic Partner

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KUALA LUMPUR – The impending collaboration between national car company, Proton, and a foreign strategic partner (FSP) will not only maximise the manufacturing capacity at both its Shah Alam and Tanjung Malim plants but also allow the company to compete effectively, regionally and globally. The partnership will also enable Proton to compete with car manufacturers…

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Proton ‘Iriz’ Named ASEAN Budget Car Of The Year

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KUALA LUMPUR – National carmaker, Proton Holdings Bhd scored another first when its Proton Iriz model was named the ‘Budget Car of the Year’ by top motoring experts in the car industry from Malaysia, Indonesia and Thailand at the 2016 ASEAN Car of the Year (ACOTY) award presentation ceremony. Chief Executive Officer Datuk Ahmad Fuaad…

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Proton Wins 2 Awards At The Malaysia Car Of The Year 2016

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KUALA LUMPUR – Proton Holdings Bhd has received two awards at the Malaysia Automotive Institute (MAI) Malaysia Car of the Year 2016 (COTY 2016) for its new and refined Saga and the all-new Persona. The two awards, Value-for-Money Car (Proton Saga) and Most Improved Model In Fuel Efficiency (Proton Persona), were announced at the Malaysia…

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Proton Expected To Sign Agreement With Foreign Partner On March 31, 2017

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KUALA LUMPUR – Proton is expected to enter into a strategic partnership agreement with an original equipment manufacturer (OEM) on March 31, 2017, the Dewan Rakyat was told today. Deputy International Trade and Industry Minister Datuk Ahmad Maslan said Proton would carry out an in-depth evaluation of two or three companies shortlisted to pick the…

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Proton Remains Malaysian-Owned

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SHAH ALAM: Proton Holdings Bhd will remain a Malaysian company with DRB-Hicom Bhd being its substantial shareholder, even as the owner of the national carmaker weighs its options on a foreign partner. DRB-Hicom, which owns 100% of Proton, had confirmed shortlisting five potential strategic partners in a government-imposed plan to turn around the loss-making carmaker…

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3rd-Generation Proton Saga Open For Booking

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  KUALA LUMPUR -THE third-generation Proton Saga is now open for booking, with prices starting from RM37,000 the base, manual-transmissioned model and RM46,000 for the full-specced automatic variant. The 4-star Asean NCAP-rated saloon, which will be officially launched middle of next week, is quicker, faster, more fuel efficient, more aerodynamic, more practical and more user-friendly…

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Proton To Identify Foreign Strategic Partner By 1st Half 2017

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SHAH ALAM – Proton Holdings Bhd is expected to identify its foreign strategic partner by the first half of next year. International Trade and Industry Minister, Datuk Seri Mustapa Mohamed, said a timeframe must be given to the company as the move to secure a strategic partner required careful evaluation. He said the selection of…

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New Proton Persona Debuts, Priced From RM46,800

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SHAH ALAM: The second-generation Proton Persona is launched today, priced from RM46,800 to RM59,800. It is available in three variants – Standard, Executive and Premium (with and without body kit) – and comes with a choice of six body colours – Cotton White, Fire Red, Sterling Silver, Graphite Grey, Quartz Black and a new colour,…

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Proton Perdana For Olympic Gold Winner

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PETALING JAYA: DRB-Hicom and Proton Holdings will award a Perdana 2.0 car to an Olympic gold medalist, Suprima S to a silver and Iriz to the bronze winner. “DRB-Hicom and Proton wishes all the best to all our competing Olympians in the Rio Olympics,” the companies said in a statement on Friday. Malaysia has won…

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All-New Proton Persona Is Now Open For Booking

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  KUALA LUMPUR – Proton’s all-new Persona, which is scheduled to be unveiled on Aug 23, is now open for booking with a refundable booking fee of RM300. In a statement today, Proton Holdings Bhd said the model will be priced between RM47,000 and RM61,000 in Peninsular Malaysia, and from RM49,000 to RM63,000 in Sabah…

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International Automakers Keen To Be Proton Partner

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KUALA LUMPUR – Several leading automakers from Europe, China and Japan have expressed their interest to become Proton’s strategic partner, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed. He said although the government has left it to the national carmaker to make the decision, there are several critical criteria it has to consider…

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