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The retirement of Proton Holdings Bhd chief executive officer (CEO) Tengku Tan Sri Mahaleel Tengku Ariff marks a transition for the national car company. Mahaleel, who is being retired, had arguably one of the most high profile and toughest jobs in corporate Malaysia.
Proton cars lost five percentage points in market share to 40% for the first six months of the year from 45% a year ago but Perodua vehicles saw an increase of two percentage points to 32% from 30% during the same period, said the Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad.