#geely

DRB-Hicom says equity interest in PHB now been reduced to 50.1 percent, with the rest owned by a unit of Geely.

UPDATED 12.53PM | DRB-Hicom's Syed Faisal Albar makes the announcement at joint press conference with Geely.

UPDATED 7PM | DRB-Hicom says that nomination of candidate part of the Geely deal. 

YOURSAY | ‘Die-hard nationalists will scream but it's too late. Proton has been sold.’

UPDATED 1.47PM | Reports say Li Chunrong to be appointed CEO of the M’sian automobile company.

UPDATED 5.18PM | The 'unrealistic dreams' of Proton's former chief tester were indulged for too long, says PM.

UPDATED 4.15PM | Revival of Proton and Lotus will not be an easy task in a market with fierce competition, says ZGH chair.

Proton's version of Geely's Boyue SUV should reach the market by late 2018.

The announcement was made to Bursa Malaysia today. 

COMMENT The Miti minister takes on ex-PM Dr Mahathir Mohamad's derision of the Proton-Geely deal.

He claims that the need to seek revenge is more important than pride.

A QUESTION OF BUSINESS | Much of the gain from the Proton sale will go to a private individual.

Gov't must block transfer of cash, assets to DRB-Hicom unless soft loan is paid first, says PJ Utara MP 

Najib says this in an apparent reference to Geely’s acquisition of a significant stake in Proton. 

Its assistant secretary says it must be done to allay public concerns and respond to critics of Malaysia’s economy.

This is the only way to ensure that the government is 'protected', says the DAP lawmaker. 

The minister rebuts Tony Pua's claim that the government will own Proton again in the event of a default.

National car suppliers fear many more of them would have to shut down as the buyer would bring in its own partners.

MP SPEAKS | It’s obvious Geely is more interested in Lotus, as opposed to Proton.

A QUESTION OF BUSINESS | Car prices will remain high and private Proton’s profits protected.

Mahathir seems fine with Proton continuing to incur losses, so long as it is 100 percent Malaysian.

Mahathir malah pernah mempertimbangkan kerjasama Proton dengan Geely.

Remaining 48pct in Lotus Plc was acquired by an unknown M’sian firm linked to Syed Mokhtar.

Minister says Proton remains a Malaysian car and will also benefit from the deal.