PSA Group is interested in acquiring Proton
- The Chinese manufacturer Geely has announced that it has stopped negotiations with the troubled Malaysian firm Proton (its factories are operating at 25% of their capacity currently). The PSA group would now be interested in taking over Proton. PSA wants to expand its sales in Southeast Asia and the Proton plants located in Malaysia could be a manufacturing and export center of vehicles for this entire region.
- Proton today has a plant in Shah Alam (suburb of Kuala Lumpur) and another more modern one located in TanjongMalim (north of Kuala Lumpur) called Proton City. The two plants have a capacity of 150,000 units each, i.e. a total of 300,000, while current production does not exceed 75,000 units in 2016, due to a sharp reduction in demand for Proton models over the past three years .
- If PSA took over the Proton brand, it would benefit from its two factories in Malaysia, and a third plant in the United Kingdom (Hethel), which manufactures Lotus sports cars, since Proton owns Lotus.
- Inovev points out that Proton also sold cars in China between 2010 and 2016. These were compact sports sedans sold under the Lotus brand and manufactured by the Chinese manufacturer Youngman. Youngman manufactured nearly 200,000 of these Lotus sedans over six years.
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