DRB-Hicom will take car maker Proton private, and its independence from the government and the public will give it much greater flexibility in making difficult business decisions, a Malaysia-based auto analyst predicts. Government investment company Khazanah Nasional says it is selling its 42.74% in Proton to DRB-Hicom for RM5.50 ($1.75) a share, or RM1.29 billion ($409.9 million). The price values the company at RM3.02 billion ($959.6 million). Khazanah’s sale of its ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.