CEO wants Proton to become 1 of SE Asia's top-selling brands

KUALA LUMPUR, Malaysia — A new CEO appointed by Chinese automaker Geely to head Malaysia's Proton presented a 10-year plan to revitalize the national car maker as he vowed Friday to make Proton among Southeast Asia's top vehicle brands.

Geely Holding Group recently acquired 49.9 percent of Proton in a deal that gives the Chinese company a platform to expand in Southeast Asia where non-Japanese brands have struggled. Malaysian conglomerate DRB-Hicom Berhad retains a 50.1 percent stake in Proton.

Geely and DRB-Hicom announced in a joint statement that Li Chun Rong will take over as CEO of Proton's manufacturing arm in a management reshuffle but that he will be responsible for the entire operations of Proton.

Li, who has 30 years of experience in the auto sector, previously worked for major automakers such as Honda Motor Co., Kia Motors Corp. and China Dongfeng Motor Group, the statement said.

Li said it was time for a tough revamp to enable Proton to be a "top three ASEAN brand in the next 10 years." Officials said Li has presented to the Proton board a broad roadmap that includes new product offerings over the next decade to revive Proton.

Li said his first task over the next three months will be to bolster Proton's operations in areas such as product planning, research and development, quality improvement and procurement. He said Geely's Boyue SUV model will only be rolled out in Malaysia by the end of 2018 and that new cars to be designed by Proton will feature high-powered engines with lower oil consumption.

"The most important key for the company is to focus on customer satisfaction," Li said.

Proton Holdings Berhad was founded in 1983 by the Malaysian government to create a domestic auto brand and has a distribution network in key Southeast Asian markets. Its sales have suffered due to growing competition and a reputation for poor quality and bland models. Proton was privatized in 2012 but its new owner, DRB-Hicom, was unable to revive the business.

Geely is one of China's biggest independent auto brands.

Founded in 1986 as a refrigerator manufacturer, it started producing motorcycles in the 1990s and launched its first car in 2002. It bought Volvo from Ford Motor Co. in 2010.

The Chinese automaker said earlier the Proton deal would strengthen its global footprint and develop a beachhead in Southeast Asia.

The deal also marked a turning point in Malaysia's auto policy. The government has long resisted efforts to sell off any key stake in Proton, seen as a national icon.

Must Read

Ship collision exposes Southeast Asian territorial spat

Aug 24, 2017

The collision between the USS John S. McCain and an oil tanker has exposed an obscure Southeast...

Malaysia fire blocks lone exit to Islamic dormitory; 23 dead

Sep 14, 2017

A fire that blocked the only exit to an Islamic school dormitory has killed 23 people who were...

The Latest: Official: Malaysia fire victims were to move out

Sep 14, 2017

Malaysian Islamic school principal says dormitory razed by fire was a temporary boarding house...

AP Interview: Mahathir says opposition can win Malaysia vote

Sep 18, 2017

Former Malaysian Prime Minister Mahathir Mohamad says in an AP interview the opposition alliance...

Malaysia to pay US firm up to $70M if it finds missing plane

Jan 11, 2018

Malaysia's government will pay U.S. company Ocean Infinity up to $70 million if it can find the...

People also read these

The Latest: Official: Malaysia fire victims were to move out

Sep 14, 2017

Malaysian Islamic school principal says dormitory razed by fire was a temporary boarding house...

Malaysia Airlines outgoing CEO says Ryanair needs his help

Oct 18, 2017

Malaysia Airlines outgoing CEO Peter Bellew says he decided to return to Ryanair as a form of...

Muslims in Asia rally against Trump's Jerusalem move

Dec 8, 2017

Muslims in Indonesia and Malaysia protested outside the U.S. embassies Friday against President...

Malaysian PM leads protest in solidarity with Palestinians

Dec 22, 2017

Malaysian prime minister leads thousands of Muslims in a rally to show solidarity with...

Malaysia to pay US firm up to $70M if it finds missing plane

Jan 11, 2018

Malaysia's government will pay U.S. company Ocean Infinity up to $70 million if it can find the...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH

About Us

In Malaysia Corner, we’re here to bring back those days where you can still catch up with everyday news no matter which corner you are at.

Contact us: sales@malaysiacorner.com