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Geely completes Lotus takeover

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Geely completes Lotus takeover

China’s largest privately-owned automotive group, Zhejiang Geely Holding Group (Geely Holding) has completed a takeover of British sports car marque, Lotus. Geely Holding now owns a majority stake of 51 per cent in Lotus Advance Technologies Sdn Bhd (Lotus) with a minority 49 per cent being held by Malaysia’s Etika Automotive...

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China's Geely takes majority stake in Lotus, shares in Proton
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China's Geely takes majority stake in Lotus, shares in Proton

China's largest privately-owned automotive group, Zhejiang Geely Holding, has agreed to a deal that will hand it the majority stake in famed British sports-car brand Lotus. The Chinese group - which also owns Volvo Cars and the London Taxi Company - will also take a 49.9 per cent share in Lotus' current parent, Malaysian company Proton...


Geely withdraws Proton/Lotus bid, leaving Peugeot parent as only suitor
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Geely withdraws Proton/Lotus bid, leaving Peugeot parent as only suitor

Geely has withdrawn its bid to enter into a partnership with Proton, leaving the PSA Group, parent company of Peugeot, Citroen and DS, as the Malaysian national car maker's only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...


CarAdvice News Desk: The weekly wrap for February 24, 2017
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CarAdvice News Desk: The weekly wrap for February 24, 2017

Welcome to the CarAdvice.com News Desk, a regular video wrap of the latest happenings in the automotive world and Australia's new-car market. Keeping you in the loop, Tegan Lawson presents a weekly video from the CarAdvice Garage, with everything you need to know about the week in news and reviews...


Geely, PSA to bid for Proton and Lotus takeover this week - report
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Geely, PSA to bid for Proton and Lotus takeover this week - report

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...


CarAdvice News Desk: the weekly wrap for September 30, 2016
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CarAdvice News Desk: the weekly wrap for September 30, 2016

Welcome to the CarAdvice.com News Desk, a regular video wrap of the latest happenings in the automotive world and Australia's new-car market. Keeping you in the loop, Tegan Lawson presents a weekly video from the CarAdvice Garage, with everything you need to know about the week in news and reviews...


Proton, Lotus up for sale; Peugeot-Citroen, Renault, Suzuki interested - report
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Proton, Lotus up for sale; Peugeot-Citroen, Renault, Suzuki interested - report

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...


CarAdvice News Desk: the weekly wrap for June 17
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CarAdvice News Desk: the weekly wrap for June 17

  Welcome to the CarAdvice.com News Desk, a regular video wrap of the latest happenings in the automotive world and Australia's new-car market. Keeping you in the loop, Tegan Lawson presents a weekly video from the CarAdvice Garage, with everything you need to know about the week in news and reviews...


2016 Proton Suprima and Exora get pricing changes, equipment revisions
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2016 Proton Suprima and Exora get pricing changes, equipment revisions

The 2016 Proton Suprima S hatchback and Exora MPV ranges have been given minor refreshes, with prices of Suprima S models slashed and the Exora gaining new equipment. For this update, the base Suprima S GXA now starts at $17,990 drive away, well down on the previous $21,790 drive away price. The upper-spec GXRA can now be had for $20,990 drive away, almost $6,000 less than the 2014/15 figure...


Australia's cheapest new cars

Australia's cheapest new cars

Looking for a new car on a small budget? Here are eight of the cheapest new cars available Australia-wide, right now. As you would expect, they are all micro or light cars and, unless otherwise stated, the price excludes on-road costs like registration, stamp duty and CTP. If you shop around, though, you can find great drive-away deals and special offers...


2016 Proton New Cars
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2016 Proton New Cars

Fresh stock of the Suprima S and Exora will arrive in the second quarter of 2016 to give Proton dealers new product to offer to customers. There’s word that the Exora people-mover will get the smallest of visual updates, but otherwise both models will be unchanged from their current forms...


Proton Prevé enters run-out with no replacement in sight
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Proton Prevé enters run-out with no replacement in sight

The Proton Prevé will slowly disappear from Australian showrooms next year, and there’s no word on a successor for the small sedan at this stage. Proton Cars Australia is currently running out existing stock of the Prevé and has no plans to import any extra stock of the car in 2016...


New Proton Perdana sedan teased in Malaysia: Sleek styling on old Accord base
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New Proton Perdana sedan teased in Malaysia: Sleek styling on old Accord base

Malaysian carmaker Proton has handed down a series of shadowy teaser shots for its ‘new’ Perdana sedan, ahead of a domestic market launch set for early 2016. The Perdana badge reaches back to the mid 1990s, although just two generations have been introduced in that time...


Proton Pick-Up ute concept revealed in Malaysia
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Proton Pick-Up ute concept revealed in Malaysia

Malaysian carmaker Proton has unveiled a new ute concept this week, but those hoping for a successor to the compact Jumbuck will be left wanting. Revealed in these photos from Malaysian website PaulTan.org, the new concept - dubbed simply ‘Pick-Up’ - is noteably larger than its tiny ancestor, debuting as a potential rival to bigtime players like the Toyota HiLux and Ford Ranger...


2015 Proton New Cars
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2015 Proton New Cars

Details of the new and updated Proton models launching in Australia in 2015.   Proton Iriz/Satria – Mid 2015 Proton’s long-awaited new-generation city car will arrive on our shores around the middle of 2015. The Iriz, as it’s known in its home market, follows the lead of the Preve, Suprima S and Exora in featuring the Malaysian car maker’s sharp design language, new engines, and modern technology and safety features...


Proton Satria GTi : Malaysian hot-hatch may make surprise Australian comeback
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Proton Satria GTi : Malaysian hot-hatch may make surprise Australian comeback

The cult-classic Proton Satria GTi could make a surprise return to Australia in 2016. Proton Australia chief operating officer Kaye Amies told CarAdvice the local division is in discussions with officials in Malaysia about resurrecting the Satria nameplate on its new city car – called Iriz in its home market – which is set to reach our shores around the middle of next year...


Proton Australia officially discontinues S16 FLX, Gen.2 and Persona Elegance
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Proton Australia officially discontinues S16 FLX, Gen.2 and Persona Elegance

Proton Australia has officially discontinued the S16 FLX, Gen.2 and Persona Elegance models from its local line-up, cutting its range in half. The departure of the city car trio leaves Proton with just its three newest models: the Preve sedan, Suprima S hatch and Exora people-mover...


2015 Proton Iriz revealed
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2015 Proton Iriz revealed

The all-new Proton Iriz city car has been officially unveiled in Malaysia. The long-awaited successor to the unloved and already-discontinued Savvy, the Iriz follows the lead of the Preve, Suprima S and Exora in featuring the car maker’s sharp design language, new engines, and modern technology and safety features...


2015 Proton Iriz : First look at new Malaysian city car
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2015 Proton Iriz : First look at new Malaysian city car

The first official image of the Proton Iriz has been released ahead of the all-new city car’s unveiling later this year. CarAdvice pieced together the above image by completing an online scavenger hunt that is part of Proton’s teaser campaign for its pint-sized Savvy successor...


Lotus planning an SUV, large sedan to broaden range - report
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Lotus planning an SUV, large sedan to broaden range - report

Lotus has presented a product plan that involves a drastic expansion of its current range to its owner Proton. According to the government controlled newspaper Utusan Malaysia, Lotus CEO Jean-Marc Gales has presented a product plan includes an SUV and a D-segment sedan to the board of Proton...