PSA Peugoet Citroen and Proton to meet next week
Unnamed sources told the NST’s Business Times paper today that PSA Peugeot Citroen will be sending a top team to meet with Proton’s top management as well as officials from the Ministry of Finance and Khazanah Nasional on the proposed purchase of Proton shares.
Apparently this brief was scheduled to be presented later, but the time was brought forward due to pressure from the news of Volkswagen’s renewed interest in Proton’s manufacturing arm last week.
The proposal will include a proposed stake purchase in Proton’s manufacturing arm as well as technical tie-ups between the two car manufacturers that will benefit both parties. Possible collaboration in areas such as product development, manufacturing, quality initiatives, vendor development, contract assembly and distribution will be discussed.
On a side note, updates on this blog from now until next Wednesday might be scarce and sporadic as I will be out of the country - updates will depend on the availability of internet access in the hotel.




Now, in the span of over 30 years since the last Fiat 500 rolled off the production line in 1975, what do you think fans of the 
Sime Darby Bhd is considering expanding it’s Kulim car production facility from the current 30,000 units a year up to 120,000 units a year if it can get Hyundai to use Malaysia as it’s ASEAN hub. Hyundai is currently considering between Thailand, Vietnam or Malaysia as potential production hub for the ASEAN market.
Volvo has consolidated it’s two non-industrial operations in Malaysia - Volvo Car Malaysia Sdn Bhd (VCM) and Volvo Car Asia (VCA) into a single unit. Previously VCM handled the national sales for Malaysia, while VCA handled regional management for China, Taiwan, Hong Kong, Thailand, Malaysia, Singapore, the Philippines, Indonesia and Brunei.


