DRB-Hicom announces Li Chun Rong as CEO, Winfried Vahland be on board
China’s Zhejiang Geely Holding Group and Malaysia’s DRB-Hicom Bhd said on Friday Li Chun Rong has been nominated to run Malaysian automaker Proton Holdings Bhd’s global operations replacing Ahmad Fuaad Kenali who is now the CEO of Malakoff. Li Chun Rong previous has worked with major automakers such as Honda, Kia and China Dong Feng.
Winfried Vahland, the former CEO of Skoda will be joining the board of Perusahaan Otomobil Nasional Sdn Bhd together with Daniel Donghui Li (current executive VP and CFO of Geely) and Feng Qing Feng (group VP and CTO of the Hong Kong-listed Geely Auto).
Proton now has access to the global synergies, expertise and financial support it needs from the Geely family. They believe that the new strategy is going to turn Proton around and making the brand into ASEAN leading domestic automotive brand. (SOURCE: REUTERS, PAULTAN)
DRB-Hicom complete stake sale in Proton for RM460.3 millions
DRB-Hicom Bhd has completed the proposed share subscription of 49.9 per cent stake, or 547.02 million shares, in Proton Holdings Bhd (PHB) by Zhejiang Geely Holding Group Co Ltd (Geely) for RM460.3 million. DRB-HICOM said its equity interest in PHB has now been reduced to 50.1 per cent and the remaining 49.9 per cent equity interest in PHB was now held by Geely International (Hong Kong) Ltd (a wholly-owned unit of Geely). (SOURCE: THE STAR)
Mazda launches paint centre at Inokom plant at Kulim, Kedah
According to Top Gear Malaysia, The production facility at Mazda Malaysia’s plant in Kulim, Kedah, is now upgraded with a new paint shop for Mazda’s designer body colours and to automate part of the body-welding process. Currently, vehicles coming out from the Kulim factory are for the Malaysian market, and exported to Thailand. There are definite plans to expand the export market to Indonesia, Philippines, Cambodia, and Myanmar. (SOURCE: TOPGEAR)
Dyson electric car plan for 2020
The British company Dysan has move on from fans and vacuums, now they are planning to build electric cars. The British company plans to launch the car by 2020, and has committed to investing £2 billion into the project. More than 400 people, including Dyson engineers and others, are already working on bringing Dyson electric vehicles to life. Dyson recently hired a new chief spokesman, Ricardo Reyes, who used to lead communications at Tesla Inc. which will fuel the electric car project. (SOURCE: MONEY CNN)
Grab partners with Here Technologies
World renowned ride-hailing service Grab is partnering with Here Technologies to improve their services. The company says that the partnership will help improve accuracy of fare estimations, time of arrival as well as routing of drivers to passenger pick up destinations. The company’s will map the cars using cameras and Light Detection and Ranging (LiDAR) technology to capture data like road geometry, speed limits, and road signs, creating 3D maps that are also readable by automated systems. (SOURCE: TECH IN ASIA)
Saudi Arabia lift ban for women driver
According to BBC News, Saudi Arabia's King Salman has issued a decree allowing women to drive for the first time. From century, the Gulf kingdom is the only country in the world that bans women from driving. The disbandment has brought joy to the activist and further promoting women’s rights. The decision has immediately created potential new market millions of car buyers. Many carmakers has taken the opportunity to advertise their vehicles to appeal for women in Saudi Arabia. (SOURCE: BBC)
Baidu launches 9.8 billion yuan fund for autonomous driving
Chinese search engine mogul, Baidu Inc has announced a 10 billion yuan (RM6.2 billions) funding on autonomous driving in order to speed up its technical development to compete with the Tesla and Google Waymo project. The fund’s launch coincides with the release of Apollo 1.5, the second generation of the company’s open-source autonomous vehicle software. Baidu’s Apollo project which named after the NASA moon landing, aims to create technology for completely autonomous cars, which it says will be ready for city roads in China by 2020. (SOURCE: REUTERS)
Toyota will partner with Mazda and Denso for EV program
Toyota will partner with Mazda and auto parts supplier Denso to develop the latest trend, electric vehicles. The new company, called EV Common Architecture Spirit Co., will cooperate on developing the technology for electric cars for use in a wide range of segments, from mini vehicles and SUVs to light trucks. The plan will also led by Toyota with 90 percent stake in the venture while Mazda and Denso Corp will each take 5 percent. The plans build on a partnership which led by President Akio Toyoda and expected to introduce EV in china in the following years. (SOURCE: REUTERS)
Polestar separation from Volvo
According to Auto Express UK, the Swedish car maker Volvo has officially parted with Polestar. Instead, Polestar will come as stand-alone company that offers electrified performance variants of Volvo's models wearing a unique badge. Polestar has been working on performance hybrid powertrains since before Volvo's takeover and is believed to have a tuned version of the brand's T8 engine. The future Polestar models will rely on electrification, initially hybrids and ultimately fully electric powertrains. (SOURCE: DRIVE)
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