According to Proton, 20% to 30% of the parts in its vehicles are imported
SHAH ALAM: DRB-Hicom Bhd
has confirmed that all parties that submitted bids for Proton Holdings Bhd are still in the running and hopes to complete to the search by the end of the first half 2017.
Group managing director Datuk Seri Syed Faisal Albar reaffirmed that all bidders were still in the running to be selected as Proton’s foreign strategic partner (FSP).
“There have been news reports stating that we are left with only one bidder. I can confirm that all parties that submitted bids for Proton are still in the running and DRB-Hicom is still evaluating these bids.
“We are going through the tail-end of this meticulous process, and we are looking forward to completing this search by the end of the first half of this year,” he said in a statement on Tuesday.
Syed Faisal said the search for Proton’s was a key part of turning around Proton and making it a competitive carmaker.
“Our intent is to turn around the fortunes of Proton. There are strengths and capabilities of the carmaker that, given a new proven partner that can offer technology, capabilities and new markets, will push Proton as a brand to be reckoned with.
“This is why our evaluation of the bidders needs to be a detailed one. Proton and the incoming FSP must be able to create synergies that will ensure the success of this venture,” Syed Faisal said.
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