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The Chinese group - which also owns Volvo Cars and payday advance the London Taxi Company - will also take a 49. Geely has withdrawn its bid to enter into a partnership with Proton, leaving the PSA Group, parent company of Peugeot, Citroen and DS, as the Malaysian national car maker's only remaining partner candidate.
An Conghui, Geely's president, confirmed the news to the South China Morning Post, although he didn't tell the newspaper why Geely decided to withdraw from the bidding process. Malaysian car maker Proton and its subsidiary Lotus were reported last year to be up for sale, with a number of car makers said to be keen on a purchase. In September, business paper Reuters reported Peugeot and Citroen parent PSA Group as one suitor, while Renault and Suzuki were also believed to be considering bids of their own.
Proton and Lotus, both owned by Malaysian conglomerate DRB-Hicom, are reportedly being shopped around to rival automakers. Insider sources have told Reuters that DRB-Hicom has recently sent out partnership proposals to 20 automakers.
So far, three car companies have shown interest: Renault, Suzuki, and the PSA Group, which consists of Peugeot, Citroen and DS. With most components sourced from BOSCH such as timing belt, filters, discs, pads etc it is a mainstream vehicle.
The CVT transmission is from Punch International who supply Holden commodore autos, and are likely to be Commodore's new owner. I'm in the final stages of a lease of this car so not an actual owner.
I decided to lease this after being impressed with the amount of room it has with both rear rows folded down, nice and flat. Never seen an official figure but it must be well over 2000 litres of space for a weekend trip to Bunnings.
It has been generally comfortable, reliable, and a great everyday drive. I think people are too caught up with performance they can't use. Who has confirmed their 0-100 times. If you do then you just thrashed the payday advance daylights out of your machine.
As far as style, no worse than the squashed snake look that everyone copies, even the newest toyota. You need a finder's guide to see what car you are looking at.