Jump to content

MyCarForum Logo
Search
Magnifying glass

SEARCH

0

Proton set to receive help from three auto firms soon

By Faiming_low on 07 Jan 2017 in Other News

Attached Image Three major automotive brands, Geely, PSA Group and Renault have been rumored to put in firm offers for a possible stake in Proton in exchange for some technology and parts sharing according the New Straits Times.

Proton's Chief Executive Officer Datuk Ahmad Fuaad Kenali was quoted, "All three shortlisted foreign carmakers are currently doing their due diligence. We expect this to be completed this month. They are expected to come up with the binding offers next month."

The partnership is one of several conditions from the government to be met for receiving a soft loan of RM1.5 billion (S$482 million). In the article, Proton's parent, DRB-Hicom, wishes to finalise Proton’s strategic partner by the first half of this year, its group Managing Director Datuk Seri Syed Faisal Albar said.

Viewed: 4,761 times

Faiming_low
Written by Faiming_low
Since young, Fai Ming has always centered his life around cars. In fact his first word was 'car' and not 'mum' or 'dad'. Aren't kids cute?



 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
“I, Halimah Yacob, having been elected as President of the Republic of Singapore, do solemnly swe...
POPULAR BLOG POSTS
Photo
Yes, this is Daihatsu's brand new Altis. No, it is not Toyota's new bread and butter seda...
Photo
Despite not offering a diesel option for the compact crossover, the good-looking CH-R is now Toyo...
Photo
The popular Toyota Harrier is about to get a refresh and images of the facelifted car has been le...
Photo
Following his major accident on Saturday behind the wheel of a Rimac Concept_One, “The Grand Tour...
Photo
Thousands applied, but ultimately, only 500 individuals have so far been selected gets a Ford GT...
   Lifestyle Articles