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|23rd September 2016, 16:54||#1|
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PSA, Renault, Suzuki eye stake in Malaysia's Proton
PSA Group, Renault and Suzuki have signaled interest in a deal with ailing Malaysian automaker Proton, people familiar with the matter said, as the brand's owner seeks to sell a stake in a company once seen as a symbol of the country's drive to industrialize.
But after years of being plagued by quality and service issues, and with move to produce its own models failing to impress consumers, its market share has plummeted to about 15 percent.
While agreeing to support Proton in April, the government said its business model wasn't sustainable, and that it needed to find a strategic foreign partner.
Industry players say Proton also badly needs research and development support from a foreign partner if it is to build a viable future strategy.
Last edited by volkman10 : 23rd September 2016 at 16:57.
|23rd September 2016, 17:12||#2|
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Re: PSA, Renault, Suzuki eye stake in Malaysia's Proton
That's good news for the ailing Malaysian company.
The Proton Saga is a very popular sedan in Malaysia and apart from the fuel efficiency, it is a good product. Most models have airbags and I've been driven in one-NVH is quite good.
Hopefully they'll be able to tide over this crisis.
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