Tuesday, March 21, 2006

Proton in China

Here are some recent news reports about Proton's increasing interest in China:

1. Has Proton entered into a partnership with JinHua QingNian, to penetrate the sizable Chinese passenger car market? Chery is another carmaker that is said to be in talks with Proton. Read more here

2. Proton is reportedly to start a car assembly joint venture in China's Guangdong Province later this year, producing 50,000 Proton Wajas in the first year. The report says that the company will face the going tough there. Read more here.

3. Mayban Securities Research says that Proton will be unable to see much earnings contribution in the medium term from its investment in China via a subscription of a 49 per cent stake in Goldstar Heavy Industries Co Ltd. Read more here

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