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Seow Yaohan | May 4, 2012
Proton will be delisted from Bursa Malaysia today, almost eight years since joining the local stock exchange, after new owners DRB-Hicom succeeded in securing 98.6 percent (as at April 26) of Proton shares, above the threshold of 90 percent required to privatise Proton.
Starting with the ...
Seow Yaohan | May 2, 2012
Lotus Cars is ready to restore full car production from May, having secured sufficient financing from new Proton owners DRB-Hicom. Production at Hethel assembly plant is expected to return to the rate of 44 cars per week. With the financing tap now open, Lotus ...
THIS IS NOT A JOKE. YES, the image above and the subsequent press release came straight off Group Lotus PLC just a moment ago. We are in an equal state of confusion, all we know is
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Seow Yaohan | March 21, 2012
The Proton management has received its biggest change with DRB-Hicom Bhd managing director Datuk Seri Mohd Khamil Jamil replacing Datuk Seri Mohd Nadzmi Mohd Salleh, who resigned as Proton Holdings Bhd chairman and director. Khamil, 56, will assume the position of Proton's executive ...
Seow Yaohan | March 6, 2012
This is about as exciting a piece of news Proton owners can get: plans are underway to remodel the Volkswagen Polo as a Proton, according to Business Times yesterday. Volkswagen has reportedly formed a special team spearheaded by Soh Wei Ming, the firm's operations head ...
Seow Yaohan | February 29, 2012
Local automotive players, Proton and Perodua, have cried foul over more stringent and tightening lending due to the implementation of Bank Negara Malaysia (BNM)'s new responsible financing guidelines. The new directives, which came into effect on January 1, meant that banks now approve car loans ...
Seow Yaohan | January 18, 2012
DRB-Hicom Bhd, a government-linked company involved in the local assembly and distribution of cars for Suzuki and Volkswagen among others, has been announced as the buyer of a 42.74 percent stake in Proton from Khazanah Nasional Bhd, the investment arm of the Malaysian government. ...
Seow Yaohan | January 9, 2012
Volkswagen Group Malaysia has officially entered Kuantan, Pahang, with the launch of the first Volkswagen showroom this year, via authorised dealer Okuan Otomobil Sdn. Bhd. Located along Jalan Beserah, the new 3S centre, a two-storey building, can showcase 16 ...
Seow Yaohan | December 13, 2011
Proton is landing in the hands of DRB-Hicom, if Tun Dr Mahathir Mohamad, former Prime Minister and current Proton advisor, is to be believed. Despite the official denials of all parties involved including Khazanah Nasional, the present owner of 42.7 percent in the national ...
Seow Yaohan | March 30, 2011
The local assembly tie-up between Volkswagen and DRB-Hicom Bhd is expected to create 800 new jobs by 2013, and to produce more than 30,000 Volkswagen cars from DRB-Hicom's plant in Pekan, Pahang by 2018, according to International Trade and Industry Minister Datuk ...
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