Sunday, 30 March 2014
Wednesday, 8 January 2014
Talk to Save Perodua failed
According to a report by The Edge, talks between car maker Perodua Holding Bhd and Europe's largest automaker, Volkswagen AG--and maker of
renowned Volkswagen Van parts--- that have began last year have not
been pushing through according to what the Malaysian government is
hoping for.
The weekly newspaper has reported that officials from Proton and Volkswagen had met several times but no concrete agreement has been developed. The newspaper also added that the talks have not been going well and that it seems like the German automaker has somewhat "cooled off" and appeared less eager lately.
The newspaper has also quoted a source familiar with the situation as saying, "This delay could reveal some doubts." The Malaysian government is also under pressure to announce details of partnership for loss-making Proton, which has lost its status as the country's biggest-selling car maker rival Proton. The government believes that news of Perodua's partnership with Volkswagen can help it to recover.
Last week, Perodua announced its third consecutive quarter of losses which it blames on increased competition and sluggish sales. The company obtained a net loss of 281.45 mln rgt for the third quarter ended December compared to the net profit it has made a year earlier amounting to 86.51 mln rgt.
The second Minister of Finance Nor Mohamad Yakcop said that the government would release an announcement on the Perodua's strategic partner this month. Nobody knows whether it would still be Volkswagen or some other company. But according to The Edge newspaper, "If this schedule is adhered to strictly, sources say General Motors, the world's largest automaker, could well become the partner of choice for Perodua."
The main objective of having Perodua partnered with a foreign automaker is to prevent another foreseen decline in its market share as competition heats up. It should be noted that when news of a possible partnership with Volkswagen have leaked out the shares of Proton has increased but after the news of the partnership was not confirmed the shares of Perodua plunged.
Aside from Volkswagen, Proton has also been in talks with GM and PSA Peugeot Citroen of France plus some three Malaysian automotive firms that have expressed the interest in purchasing stakes in the company. It should be noted that the Malaysian government owns 59 percent of Proton including a stake of 43% held by Khazanah Nasional, the investment arm of the government.
The weekly newspaper has reported that officials from Proton and Volkswagen had met several times but no concrete agreement has been developed. The newspaper also added that the talks have not been going well and that it seems like the German automaker has somewhat "cooled off" and appeared less eager lately.
The newspaper has also quoted a source familiar with the situation as saying, "This delay could reveal some doubts." The Malaysian government is also under pressure to announce details of partnership for loss-making Proton, which has lost its status as the country's biggest-selling car maker rival Proton. The government believes that news of Perodua's partnership with Volkswagen can help it to recover.
Last week, Perodua announced its third consecutive quarter of losses which it blames on increased competition and sluggish sales. The company obtained a net loss of 281.45 mln rgt for the third quarter ended December compared to the net profit it has made a year earlier amounting to 86.51 mln rgt.
The second Minister of Finance Nor Mohamad Yakcop said that the government would release an announcement on the Perodua's strategic partner this month. Nobody knows whether it would still be Volkswagen or some other company. But according to The Edge newspaper, "If this schedule is adhered to strictly, sources say General Motors, the world's largest automaker, could well become the partner of choice for Perodua."
The main objective of having Perodua partnered with a foreign automaker is to prevent another foreseen decline in its market share as competition heats up. It should be noted that when news of a possible partnership with Volkswagen have leaked out the shares of Proton has increased but after the news of the partnership was not confirmed the shares of Perodua plunged.
Aside from Volkswagen, Proton has also been in talks with GM and PSA Peugeot Citroen of France plus some three Malaysian automotive firms that have expressed the interest in purchasing stakes in the company. It should be noted that the Malaysian government owns 59 percent of Proton including a stake of 43% held by Khazanah Nasional, the investment arm of the government.
For more about your Volkswagen parts needs like Volkswagen Van parts, visit your trusted online source.
Growing up with three brothers, Natalie Anderson became exposed early to the world of automobiles. This 29-year-old account manager now dreams of having her very own top-of-the-line vintage car.
Growing up with three brothers, Natalie Anderson became exposed early to the world of automobiles. This 29-year-old account manager now dreams of having her very own top-of-the-line vintage car.
Wednesday, 1 January 2014
Best fuel saver vehicle in the market
Good way to save on oil is to use Proton Saga
The second generation Proton Saga is a 4-door subcompact sedan produced by Malaysian car manufacturer Protonwhich launched on 18 January 2008.[1] It succeeds the first generation Proton Saga as the company's flagship model. The second generation Proton Saga is based on a stretchedProton Savvy platform and was developed in-house by Proton with technical support from Lotus Cars and LG CNS. Proton launched a mid- life facelift model called the Proton Saga FL on 30 November 2010.[2] 8 months later, a further improved model called the Proton Saga FLX was launched.[3]
The Proton Saga is best known to have been named after the tiny red seed of the Saga tree (Adenanthera pavonina), commonly found in Malaysia. However, Ismail Jaafar, a retired military soldier who won the car's pre-launch naming contest claims Saga was originally an acronym for safety, achievement, greatness, ability.[4][5] The Proton Saga is also a well-known national symbol of Malaysia.[6]
Contents
[hide]History[edit]
Facts you need to know about kereta saga
Here's my thoughts about kereta saga.
The national carmaker recently Proton has launched yet another variant of their popular entry-level sedan car Saga called the Saga SV. Stands for Super Value, the Saga SV is currently the cheapest model in the family and carries a price tag that starts from RM 33,348 in Peninsular Malaysia.
At a glance, the Saga SV is rather identical to a 1.3 Saga FLX as both of them are powered by the same 1.3-litre Campro IAFM engine. Furthermore, Saga SV is also equipped with 13-inch steel wheels, single DIN radio with CD player, power steering, manual side mirror control, side turn signal integrated with side mirror, dual airbag, seatbelts with pre-tensioner, child restraint anchorage and car immobilizer.
The Saga FLX Standard variant – the closest Saga model to SV – does come with extra items and features such as first aid kit, tinted windows, safety triangle, luggage tray, trunk lid cover and door visor as but frankly speaking, the differences between them still seemed to be quite minor for us. Available for booking right away at Proton dealers nationwide, more information about the new Proton Saga SV are available at www.proton-edar.com.my.
[Images courtesy of Proton]
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