PETALING JAYA: Record profits by China’s Geely Automobile Holdings Ltd has spurred optimism for national carmaker Proton, which is in need of a revival.
Geely saw its first half 2017 net profit jump 128% to 4.34 billion yuan (RM2.8bil). With sales jumping 89% in the first six months of this year, the company has raised its 2017 sales target by 10% to 1.1 million vehicles.
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