Proton, EON denies stake plans
Proton and EON’s board have sent statements to Bursa Malaysia that their directors and major shareholders were not aware of any decision of Proton wanting to buy DRB-Hicom’s stake in EON.
Archive for Proton
Proton tops Dealer Attitude Survey
The National Franchised Dealers Association has published the results of the latest Dealer Attitude Survey and Proton topped the charts. Click here to read the rest of Proton tops Dealer Attitude Survey
Proton Edar and EON merger?
An unnamed industry source says that Proton may buy up DRB-Hicom’s 29.3% stake in car distributor Edaran Otomobil Nasional Bhd (EON).
The source said Proton may start with buying up DRB-Hicom shares, then proceed to buy up other stake held by government through the EPF and Khazanah Nasional which owns 12% and 6.2% respectively.
The plan is to eventually combine Proton Edar and EON.
Proton Waja EuroNCAP Crash Test
Here’s the video of the Proton Waja EuroNCAP Crash test. I remember seeing this on Top Gear once, where Jeremy Clarkson was showing the difference between a Ford Fiesta, Proton Impian (Waja) and a Toyota Avensis. The Toyota naturally scored a 5 star out of 5 star result. Click here to read the rest of Proton Waja EuroNCAP Crash Test
How to solve Proton Gen2 door problem
I found this little gem on the Cari Chinese forums. Forumer Blackgenius007 has a solution for Proton Gen2 owners who have trouble closing their Gen2 doors. It’s pretty common. The Gen2’s door cannot be closed properly with some cars.
The reason for this is poor quality control by Proton assemblers. The alignment of the door hinge is not aligned properly. Here is the solution. Click here to read the rest of How to solve Proton Gen2 door problem
Proton Waja FR (with Video)
Another eye-opener at the recent R3 Street Shootout at Batu Kawan, Penang. Tengku Djan participated in the Drift session and emerged champion in a Proton Waja.
Proton Gen2 1.3 in showrooms
The Proton Gen2 finally comes with a 1.3 engine despite it being available overseas in markets such as the UK for some time. With the introduction, Proton introduces a new colour for the Gen2 – WHITE! I have to admit white looks hot on the Gen2.
No Lotus Involvement in Proton New Engine?
The piece of news was about something else, but I noticed something strange… Click here to read the rest of No Lotus Involvement in Proton New Engine?
Volkswagen still keen to buy Proton
Volkswagen and Proton are still in talks and it could end up with Volkswagen AG buying as much as 30% stake in Proton, or nothing at all.
Volkswagen and Khazanah Nasional officials met at the Proton Holdings Bhd HQ yesterday to discuss the matter.
Proton officials said that if there is no decision within a few days talk would be called off.
The deal is said to be involve MYR1.65 billion exchanging hands if it goes through. That translates to about RM10 per share. Proton shares were worth RM9.25 on the market on Thursday.
It’s said that the terms of the sale will involve Volkswagen AG gaining management control of the company.
Foreign CEO anyone?
Source: The Star, Yahoo News
Jeremy Clarkson on the Proton Savvy
He has absolutely no mercy! Click more to start playing the video. Click here to read the rest of Jeremy Clarkson on the Proton Savvy
