Friday, February 10, 2017

Geely in pole position to buy Proton Malaysia Investvine

Using a cutter bar to remove the crankshaft pulley bolt on the passenger side, the engine clockwise.



Saudi Aramco could have said goodbye to investment in the oil industry in Malaysia, but the Chinese are about to fill the void in another area, the automaker vehicles Hangzhou-based Geely is said to have the best chance in a round of bidding for the flagship of the Malaysian Proton car brand and its manufacturing plant.
Apparently Geely leads a race to three bidders for Proton before the French automakers Renault and PSA Group, which are eager to acquire a 51 percent by Proton in the manufacturing plant in Tanjung Malim, Perak and enter technical cooperation closing net book value of the plant Tanjung Malim was about 113 million by 2016.
The successful bidder will have access to Proton assembly with an annual production capacity of 150,000 vehicles Owning a car together in Malaysia also qualifies the owner to ship vehicles to zero-rated among the ten member states of the Southern Nations Association Asia or ASEAN, with a combined population of 623 million people.
Proton, incorporated in 1983 as the first indigenous car brand in Malaysia with the help of Mitsubishi, has since been far from a commercial success and a drain to its owners once Malaysia's sovereign fund Khazanah Nasional, and now industrial conglomerate DRB-HICOM proton sold 72.290 vehicles last year compared to 102.175 units in 2015 and survived mainly using government loans.
According to analysts, the successful bidder will have to spend at least one or two years to turn around Proton and give the brand a better foundation in South Asia, a market dominated by Japanese brands and South Korea, although Chinese soil earn the potential buyer will also provide support in terms of advanced technology, global sales and economies of scale.
Geely, founded in 1986, motorcycles and engines originally built and began producing automobiles in 2002 only From there, the company started expanding internationally and gained a drive train manufacturer in Australia in 2009 the Swedish automaker Volvo from Ford in 2010, and London taxi Company in 2013.



One of the motivations to acquire Proton is also the interest of long Geely in the British sports car company Lotus Cars, which is majority owned by Proton since 1996 and with whom Geely has been in discussions for cooperation technological potential.
Geely in January announced a sales target of 2017 million vehicles, an increase of 34 percent last year, the company expects net profit in 2016 more than double its about 330 million in 2015.
Proton shortlists five potential foreign partners.
GM struggling in ASEAN as the Thai turmoil hit sales.
Malaysia to pump more than 300 million in the automaker Proton.



Saudi Aramco could have said goodbye to investment in the oil industry in Malaysia, but the Chinese are about to fill the void in another area, the automaker vehicles Hangzhou-based Geely is said to have the best chance in a round of bidding for the flagship of the Malaysian Proton car brand and its manufacturing plant.
Apparently Geely leads a race to three bidders for Proton before the French automakers Renault and PSA Group, which are eager to acquire a 51 percent by Proton in the manufacturing plant in Tanjung Malim, Perak and enter technical cooperation closing net book value of the plant Tanjung Malim was about 113 million by 2016.
The successful bidder will have access to Proton assembly with an annual production capacity of 150,000 vehicles Owning a car together in Malaysia also qualifies the owner to ship vehicles to zero-rated among the ten member states of the Southern Nations Association Asia or ASEAN, with a combined population of 623 million people.
Proton, incorporated in 1983 as the first indigenous car brand in Malaysia with the help of Mitsubishi, has since been far from a commercial success and a drain to its owners once Malaysia's sovereign fund Khazanah Nasional, and now industrial conglomerate DRB-HICOM proton sold 72.290 vehicles last year compared to 102.175 units in 2015 and survived mainly using government loans.
According to analysts, the successful bidder will have to spend at least one or two years to turn around Proton and give the brand a better foundation in South Asia, a market dominated by Japanese brands and South Korea, although Chinese soil earn the potential buyer will also provide support in terms of advanced technology, global sales and economies of scale.
Geely, founded in 1986, motorcycles and engines originally built and began producing automobiles in 2002 only From there, the company started expanding internationally and gained a drive train manufacturer in Australia in 2009 the Swedish automaker Volvo from Ford in 2010, and London taxi Company in 2013.



One of the motivations to acquire Proton is also the interest of long Geely in the British sports car company Lotus Cars, which is majority owned by Proton since 1996 and with whom Geely has been in discussions for cooperation technological potential.
Geely in January announced a sales target of 2017 million vehicles, an increase of 34 percent last year, the company expects net profit in 2016 more than double its about 330 million in 2015.
Proton shortlists five potential foreign partners.
GM struggling in ASEAN as the Thai turmoil hit sales.


Malaysia to pump more than 300 million in the automaker Proton.







Geely in pole position to buy Proton Malaysia Investvine, geely, Malaysia, Proton.





Geel, Бельгия