Wednesday 15 June 2016

Proton open to options, even partner taking control

Proton Holdings Bhd is prepared for any kind of strategic alliance with potential partners, including allowing them to have control over the manufacturer of the national car.

In giving itself a year to find the partner, Proton has described the task as something that is crucial for its turnaround.

Towards this end, Proton, now owned by DRB-Hicom Bhd, said that it had already been approached by a number of manufacturers for a tie-up.

According to Proton chief executive officer Datuk Ahmad Fuaad Kenali, the company is looking for a “deeper” strategic partner and would be working on an exercise to identify the most suitable company.

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