Proton has dissolved Proton Motor Pars (PMP), its indirect, wholly-owned Iranian subsidiary that was set up in August 2011 but has not been active since its incorporation, The Star reports. The announcement of the dissolution – which took place on Monday – was made by DRB-Hicom to Bursa Malaysia.
The company was to have engaged in car assembly or the building of vehicles as well as business of marketing relevant accessories and spare parts in the country, but operations never took off.
In January this year, DRB-Hicom announced that it had no intention of activating the dormant company to carry on business or undertake operations in the future. It added that the dissolution of PMP is part of the streamlining exercise undertaken by the group to close down companies that are dormant or have ceased operations.
The national automaker had previously told the publication that Iran was identified as a core market for long-term business, as it offered sizable potential with substantial future growth.
Nearly a decade ago, it was reported that sales of Proton vehicles in Iran were encouraging – local distributor Zagross Khodro announced that it was selling around 17,000 units annually but had ambitions to shift 100,000 units a year by 2013.
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All the best proton
Proton is so shameful. Have showrooms all over the world. But no sales. One good example is Singapore. Keep the showroom open costing millions per year in rental. Then have to pay the abang2 high expat pay.
For what?
in 2016, they sold a grand total of 1 Proton in Singapore. Untung maybe RM3k. But spend SGD millions to maintain the showroom.
All over the world, same story about their showrooms
If you fail to plan, you are planning to fail…
Proton in Singapore is handled by Cycle and Carriage. Proton doesn’t have a handling office or HQ there. C&C is responsible for all its own expenses, PnL etc. They decided to purchase one car then that’s it.
What do u expect, Malaysia is against Syiah and Iran is predominantly Syiah!
Make love not war..
Good move then… They got lots of blood on their hands anyway
Iran is the world leader in stem cell research. Malaysia is what?
Ketum research.
Wow, potential market but operation never take off. Money spent but we don’t even know whether anything is build over there or not. What a way for our PM to sabo rakyat money.
Bangla proton vely gud bisnes.
How come the subsidiary company become dormant while initial report said sales was 17000 and projected will increase to 100k? Should it active right after setup, possibility of success is high. Must be both side dont do anything after setup and just propa saja lebih…
Propa facts from caveman
Read my friend. Read. Proton is handled by zagross kodro, as distributor. Owned by Iranian. Proton motor pars is wholly owned by Proton. The plan is – to assemble proton cars in LHD version for Iran and other countries in the region. But that project (assembly plant) never materialised.
don’t u read last para?
Proton will tell you this is a strategic move. They are currently working on a surgical plan to make a big comeback.
P2 told customer its auto detached reat axle is a safety feature
Oh, u mean like the previous preve?
They re in Iran???? When wat for wat thry do thre…wei…very sneaky yooo..
they left because they cant compete with French, Korean, Japanese and Chinese companies making tens of thousands of cars there. another failure by DRB miss-managers. what goes around comes around.
Another failure in your empty brained comment
more interested to know when they plan on leaving malaysia.
Sure coz you are not even bolehland pipu
How is your dream car civic? Its handling so bad at high speed. VW better
Iranian preferred unta than proton, kot?
Hello bro, Iran is more advanced than Malaysia lah. Science and technology got Nobel prize winners. Malaysia got Nobrain prize winners only. Most of them are here -)
U mean all this while we proud Msians self praising, Syok sendiri?? We SEA games champion woh
Actually unta is for Arabs in Saudi and Dubai and desert bedowins
Iran mana ada unta?
While Iranians are busy making multi billion dollar car manufacturing contracts with Europeans and Koreans, Proton moves out and leave its place for Chinese and Iranian companies . Shame on Proton. I bet geely is there by itself already
Lucky Iran?
A company that cant handle with success!
Every step goes down..
Bravo..
And they get money for this job which no result??
Fire them all!