BMW Art Car Tour – Sep 14 to Oct 22 2006
The BMW Group will be exhibiting it’s 4 BMW Art Cars in Asia, and the BMW Art Car Tour‘s first stop will be Malaysia. The BMW Art Car Collection was conceived by French race car […]
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Proton Post-AGM Progress Updates
Domestic Sales Proton’s domestic car sales are up by 17.5% in August – 11,786 units – compared to the 10,018 units in July, which was in turn 21% higher compared to the 8,328 units sold […]
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Malaysia to get locally assembled S-class next year
DaimlerChrysler Malaysia Sdn Bhd (DCM) will start selling CKD versions of the Mercedes Benz S-class luxury sedan beginning February 2007. So far it’s assembly plant in Pekan, Pahang has already produced 25 units of the […]
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Traffic offence fine reduction postponed
Yesterday, the traffic police lowered fines for traffic offences by amounts between 15% to 75%, to help with the rakyat’s rising cost of living due to rising oil prices. The reduction in rates applied to […]
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Naza, DRB-HICOM to buy Proton?
MalaysiaKini quotes financial weekly The Edge in reporting two proposals to buy over government investment arm Khazanah Nasional’s 42.7 percent stake in Proton. These proposals are said to be from Naza and DRB-HICOM. MalaysiaKini’s article […]
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Perodua to enter used car market
Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is set to follow Toyota’s footsteps with TopMark and venture into the used-car business in a year’s time. Perodua Managing Director Syed Hafiz Syed Abu Bakar says Perodua has […]
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Proton says Indonesian plant not for sale!
Proton has clarified that it’s US$24 million Cikarang plant in Jakarta is not for sale. Proton Managing Director Syed Zainal Abidin Syed Mohamed Tahir said The Jakarta Post’s report is inaccurate, and Proton plans to […]
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Assorted Proton announcements
Proton has made a few announcements today, let me go through them one by one. They’re mostly to do with memorandum of understanding and intent signed with other companies. Proton reports that the Memorandum of […]
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Budget 2007 for the automotive industry
All of us have at least some reason to be glad with the new Budget 2007. The absurd idea of scrapping motor vehicles above 10/15 years of age was not implemented in the budget, not […]
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Proton back in red, puts Indonesian plant on sale
Proton Holdings Bhd is back in the red again, with a Q1 2006 loss of RM58.65 million on RM1.42 billion revenue, higher than the corresponding quarter last year, where Q1 2005 losses were RM12.35 million […]
