Who is Proton owned by?
With the Company’s ownership structure (50.1% is owned by DRB-HICOM and 49.9% by Geely Auto) PROTON is able to leverage on its shareholder strengths – giving it access to local ecosystems via DRB-HICOM and access to new technologies via Geely Auto Group, to seize opportunities presented by NAP 2020.
Is Proton a Malaysian brand?
Proton Car is the national car brand of Malaysia. The brand was established in the early 1980’s at the behest of the Malaysian government, and later reverted to semi-private ownership under DRB Hicom. Zhejiang Geely Holding Group purchased 49.9% of Proton Cars.
What car is made in Malaysia?
The Malaysian automotive industry is Southeast Asia’s sole pioneer of indigenous car companies, namely Proton and Perodua. In 2002, Proton helped Malaysia become the 11th country in the world with the capability to fully design, engineer and manufacture cars from the ground up.
Are Proton cars good?
THE MUCH-MOCKED Proton car has had the last laugh, triumphing over its more glamorous counterparts in a survey of reliability. … “The Proton is a budget car and some people might be surprised to learn it is more reliable than a Mercedes-Benz,” he added.
Is Proton still making cars?
We closed last year due to the shortage of stock and felt it was the right decision to make. ‘ Proton’s current state is a far cry from how it began 30 years ago. The car company, now owned by DRB-HICOM, started out in its home country of Malaysia in 1983 and produced the country’s first domestic car.
Is Proton a listed company?
Proton shares will cease to be traded on Wednesday, company executives said. Proton, which remains a major source of national pride, went public in 1992 and its delisting will remove the company from public scrutiny.