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MSWG Weekly Newsletter 13 October 2017 (English)

13 October 2017

VOICE OF MSWG

POSITIVE DEVELOPMENT IN PROTON

Interesting and possibly even exciting developments at national carmaker Proton, with the appointment of its new board, headlined by the naming of Li Chunrong as the new CEO and the presence of Winfried Vahland, former chairman and CEO of Skoda.

Li’s presence is interesting because it represents a major shift in approach for Malaysia in terms of the CEO’s demographic and nationality (historically speaking) and its new ASEAN focus.

Recent news has been all about the China carmaker’s major role in Proton, including the integration of Geely powertrains into Proton products (hybrid, plug-in hybrid and electric), the launching of at least one new model annually and overall technology and component transfer, including transmissions -- all without additional investment from Proton -- thus explaining Li’s position as No. 1.