"We are confident now that we have the right team to steer Proton," DRB's CEO Datuk Seri Syed Faisal Albar Syed Albar said at a media conference today. Syed Faisal said the loss-making national carmaker may breakeven as early as 3 years from now, and turn profitable in five years' time. On the subject of future product launches, Syed Faisal said it would take time to convert Geely's models to right-hand drives. Meanwhile, Proton Edar Sdn Bhd, the carmaker's Malaysian distribution unit, also saw the appointment of Farez, Thomas, Daniel and Yu. The appointment of Li marks another stepping stone in the conclusion of plans to revive Proton, which DRB's CEO Datuk Seri Syed Faisal Albar Syed Albar said could be completed as early as end-2018.

Source: The Edge Markets September 29, 2017 04:59 UTC