KUALA LUMPUR: Proton Holdings can be revitalised into a more successful carmaker once a foreign strategic partner is on-board. DRB-HICOM Bhd group managing director Datuk Seri Syed Faisal Albar said as 100 per cent owner of Proton, DRB-HICOM was committed and confident of reviving Proton’s fortunes with the right partner. “This revitalisation of Proton’s market share underlines DRB-HICOM’s intent to keep the brand as a player in the automotive market. Recent news reports said the list of potential partners for Proton had been narrowed down to three contenders — Chinese automaker Geely Automobile Holdings Ltd, French carmakers PSA Group and Renault SA. Syed Faisal said DRB-Hicom was waiting for the submission of bids from potential partners, after which an earnest evaluation of the bids would commence.

Source: New Strait Times February 09, 2017 03:06 UTC