DRB-HICOM and Zhejiang Geely Holding Group (ZGH) today signed the definitive agreement for the Chinese automotive group to acquire 49.9% share of DRB’s Proton and 51% shares of luxury sports car brand Lotus. ZGH purchased Proton’s share for RM460.3 million, of which RM170.3 million is cash injection and the remaining RM290 million will be in form of a transfer of the …

In preparing for the upcoming Aidil Fitri festivities and holidays, Proton is offering its customers a complimentary 20-point safety inspection at all its authorised service centres in the month of June. As in the previous festive seasons, Proton is collaborating with Petronas again to bring this service closer to its customers in selected Petronas stations as part of the Petronas Coffee …

Proton has officially rolled out the facelift Proton Iriz today. The refined model is now available in all Proton showrooms nationwide. “When we launched the new Persona in August 2016 with much improved Noise, Vibration and Harshness (NVH) and better fuel efficiency, many people asked us if similar treatment could be applied to the Iriz since both the Iriz and Persona …

Three years after it entered the Malaysian market, the Proton Iriz compact hatchback has received a number of improvements in response to customer’s feedback from the current model. Prior to its official launch, Proton invited AF for a preview of the facelift Iriz and here’s what we found out… While the exterior improvements are rather subtle, upon closer inspection you …

DRB-HICOM Berhad (DRB-HICOM) telah mencapai persetujuan dengan syarikat China, Zhejiang Geely Holding Group Co., Ltd (Geely Holding) bagi membolehkan syarikat tersebut membeli sebanyak 49.9% saham Proton. Proton juga akan menjual keseluruhan pegangan ekuitinya dalam syarikat pembuat kereta dari Britain, Lotus, kepada Geely Holding, sekaligus menamatkan penglibatannya dalam segmen sports car. Ini bermakna, Geely akan membeli sebanyak 51% saham Lotus dari Proton. …

DRB-HICOM Berhad (DRB-HICOM) has reached an agreement with China-based Zhejiang Geely Holding Group Co., Ltd (Geely Holding) for the Chinese automotive group to acquire 49.9% equity in Proton Holdings Berhad. The deal will also see Proton sell its entire equity in British carmaker Lotus to Geely Holding, which will see the Group exit the sports car segment. Geely Holding will …

The third-generation Proton Saga has recently won the Compact Sedan of the Year Award. The awards event, which was held in Kuala Lumpur, was hosted by local website “Drive Safe and Fast” and Allianz General Insurance Company (Malaysia) Berhad. “We are truly humbled and very pleased with this recognition. The new Saga has come a long way since its introduction in 1985 …

About 1,500 cycling enthusiasts, health conscious and environmentalist Malaysians participated in the inaugural “Jom Kayuh Mesra Alam” cycling event recently. The event was jointly organised by Proton and Bank Muamalat Malaysia Bhd (BMMB) held at Proton City, Tanjung Malim, Perak Darul Ridzuan. Entries for the ‘fun ride’ race opened since 22 April 2017, attracted participants in 3 categories, 15km and 30km …

The all-new Proton Perdana has been awarded with the “Malaysia Good Design Mark” accredited by the Malaysia Design Council. The award was accorded to the Perdana under the Public Areas and Transportation Products category. The award was presented by YB Datuk Wira Dr Abu Bakar Mohamad Diah, Deputy Minister of Science, Technology & Innovation to Proton Deputy Chief Executive Officer, …

DRB-HICOM, Proton’s parent company has released an official statement, stating that the search for a foreign strategic partner (FSP) for Proton is still on-going and as previously mentioned, the company aim to complete the process by the end of the second quarter 2017. DRB-HICOM further confirms that all bidders are still in the running, and they are currently evaluating these bids. The company also …

Geely has withdrawn its bid to acquire a controlling stake in Proton, An Conghui, Geely’s president told South China Morning Post. Although he didn’t elaborate the reason why the company decided to withdraw from the bidding process, Geely’s Chairman,  Li Shufu, had previously indicated that Proton had been uncertain about what it wanted from an overseas partner and kept changing their plans. “They keep changing, today it’s this, …

Proton has launched the Experience the Drive Contest to encourage its customers to test drive its cars. From 1st March until 31st May 2017, customers who test drive a Proton at any Proton showroom nationwide will be eligible to participate in their weekly and monthly contest and stand a chance to win petrol cards worth RM500 or RM3,000 cash prize. To participate, all you have …

PSA recently purchase Opel and Vauxhall from GM for a hefty sum of $2.33 billion. This move could see a domino effect on the automotive industry as companies start looking for new partners. Carlos Tavares, boss of PSA told Autonews, “Ask other automakers. My plate will be full integrating Opel/Vauxhall.” PSA’s move of purchasing Opel has gotten the nod of approval …

Those expecting Geely to become Proton’s foreign strategic partner may be in for a shock, as a news report from The Star claimed that Geely could pull out from the potential partnership. Geely’s boss Li Shufu told Bloomberg that DRB-Hicom kept changing their plans. “They keep changing, today it’s this, tomorrow’s it’s that,” he said. “They haven’t decided what they want.” The Hangzhou-based …

One of the two companies that have shown interest in Proton is the PSA Group, responsible for both Peugeot and Citroen cars. Bernama quoted an industry source that said that the PSA Group wants to open a research and development (R&D) centre right here in Malaysia if they got selected as Proton’s foreign strategic partner (FSP). This move will allow …