logo
Proton responds to leave claims: ‘we are not exiting South Africa'

Proton responds to leave claims: ‘we are not exiting South Africa'

The Citizen07-05-2025

Despite the imminent return of its parent company Geely, the lion brand, through CMH, will not be leaving local soil for a second time.
Proton has made it clear that it won't be leaving South Africa for a second time soon. Image: Proton
Its future in South Africa having been in doubt ever since its high profile return three years ago, Proton importer, Combined Motor Holdings (CMH), has it back at claims this week of the Chinese-owned Malaysian brand ceasing operations due to faltering offset.
Struggling
Relaunched with the X50 and X70 SUVs, before the addition of the Saga entry-level sedan and flagship X90 SUV, Geely-owned Proton has struggled to a find footing in the local market with its first full year of reported sales in 2024 yielding an offset of 888 units.
ALSO READ: Proton X90 helps Malaysian carmaker stand out from the crowd
According to the latest sales figures by the National Association of Automobile Manufacturers of South Africa (Naamsa), 226 Protons have so far departed from dealership floors throughout the first four months of 2025, which alluded to a possible withdrawal before year-end.
Geely returning
Heightening matters further is the imminent return of Geely itself to South Africa, whose products, aside from the Saga, provide the base for the majority of Proton's current range.
Proton parent company, Geely, will return to South Africa before the end of 2025. Image: autoindustriya.com
This includes the X50 being a rebadged version of the Geely Binyue, the X70 being based on the Boyue and the X90 derived from the Geely Haoyue.
Bold claims
At the time of the brand's relaunch, CMH CEO, Jebb McIntosh, said, 'luxury brands have become so unaffordable for the majority of South Africans. The purchase of the stake by Geely has transformed Proton.
Now pre-facelift X70 was one of the first Geely models to receive Proton badging. Image: Proton
'When the brand became available, we jumped at the opportunity for several reasons, but mostly, we saw a gap in the market for a quality SUV within an affordable price bracket'.
At the same event, Proton South Africa Managing Director, Greg Snodgrass, said the brand would be aiming at comparative Volkswagen and Mazda products rather than Chery and Great Wall Motors (GWM) Haval based on the tagline of 'affordable luxury'.
'Proton is staying'
Earlier this week, an obtained annual report by CMH alleged that the importation of distribution of Proton products had become difficult and that a decision on the brand's future would likely to be made before year-end once current inventory runs out.
Saga currently serves as Proton's only sedan and overall entry-level model in South Africa. Image: Proton
Since January, numerous attempts by The Citizen seeking clarity on Proton's local operations have fallen on deaf ears, the most recent in February going unheard.
In a statement on Wednesday (7 May), the automaker said the claims of its departure are unproven and that the annual report about the supposed sales difficulty 'was strictly in relation to stock liquidation of ageing inventory in a very difficult and competitive market— a standard industry practice to prepare for the arrival of exciting new models'.
X90 currently tops Proton's local product range. Image: paultan.org.
'Proton is not exiting the South African market. Proton is strengthening its home market presence by preparing to launch new-generation vehicles, including compact sedans, hatchbacks, and competitive B-segment SUVs with internal combustion and hybrid powertrains,' the statement concluded.
More soon
At stands, no further details about the mentioned new products are unknown, however, with apparent assurance now been given in spite of the pending arrival from Geely, expect more to be revealed within the coming months.
NOW READ: Proton pair passes test, but has bigger things to worry about

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

S&P cuts outlook on Volvo over tariffs, China competition
S&P cuts outlook on Volvo over tariffs, China competition

TimesLIVE

time3 days ago

  • TimesLIVE

S&P cuts outlook on Volvo over tariffs, China competition

S&P on Friday lowered the outlook for its BB+ credit rating on Volvo Cars to "negative" from "stable", saying US tariffs and tougher competition in China were hurting the company's growth prospects. The Sweden-based carmaker, majority-owned by China's Geely, last month withdrew its earnings guidance and announced cost cuts which will include laying off about 3,000 mostly white-collar workers amid a slowdown in demand. "The negative outlook on Volvo Cars reflects its large exposure to US import tariffs and the increasing marginalisation in the Chinese market," S&P said. "We expect Volvo Cars' profitability and cash generation after investments to come under pressure in 2025-2026, partly alleviated by a substantial cost reduction programme." The USs represented 16% of Volvo Cars sales in 2024, while China accounted for 20%. Volvo Cars produces only one of its models in the US, and relies on imports for the rest, leaving the company more exposed to US tariffs than many of its European peers. S&P said a proposed 2027 US ban on carmakers controlled by a Chinese entity also weighed on the outlook. In the most recent twist in the trade turmoil sparked by President Donald Trump, a US court on Thursday temporarily reinstated sweeping new tariffs, a day after another US court had ordered an immediate block on them.

Ex-Goldman banker Leissner sentenced to two years in prison in 1MDB case
Ex-Goldman banker Leissner sentenced to two years in prison in 1MDB case

TimesLIVE

time6 days ago

  • TimesLIVE

Ex-Goldman banker Leissner sentenced to two years in prison in 1MDB case

Former Goldman Sachs banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday after playing a key role in a multi-billion dollar scandal involving Malaysia's sovereign fund 1MDB. Malaysian and US authorities estimated $4.5bn (R80.38bn) was stolen from 1MDB in an elaborate scheme that spanned the globe and implicated high-level officials in the fund, former Malaysian prime minister Najib Razak, Goldman executives and others. Leissner, a former Southeast Asia chair for Goldman, pleaded guilty in 2018 to a conspiracy to violate the Foreign Corrupt Practices Act and participating in a money laundering conspiracy, all tied to his role in the 1MDB scandal. Leissner's conduct was 'brazen and audacious', judge Margo Brodie said during sentencing. While his co-operation with the government was taken into account, it did not make up for the harm caused by the corruption at the highest levels in several countries, the judge said. 'First and foremost, I offer my sincere apology to the people of Malaysia,' Leissner, 55, told the hearing, his voice breaking when he read a statement. 'I deeply regret my actions.' Goldman helped sell $6.5bn (R116bn) of bonds for 1MDB, which Najib set up with the help of Malaysian financier Jho Low to promote economic development. Some funds were diverted to offshore bank accounts and shell companies linked to Low, who is now a fugitive.

Riddara RD6 no longer an EV-only as new plug-in hybrid debuts
Riddara RD6 no longer an EV-only as new plug-in hybrid debuts

The Citizen

time6 days ago

  • The Citizen

Riddara RD6 no longer an EV-only as new plug-in hybrid debuts

Availability to key export markets, which could include South Africa, has been approved. Known as the Radar Horizon King Kong EM-P in China, the export version will again be sold as the Riddara RD6, affixed with the EM-P nomenclature. Image: Supposed to have been shown at the Nampo Agricultural Expo in Bothaville in the Free State last month, which never happened due to apparent shipping delays, Geely-owned Radar Auto has debuted a first-time plug-in hybrid version of the Horizon bakkie in China known as the Horizon King Kong EM-P. The latter suffix also used by Great Wall Motors (GWM) for its King Kong Cannon that sits below the Poer, known locally as the P Series and after its recent facelift, P300, the Horizon King Kong EM-P appears unchanged aesthetically from the electric derivative that has been on-sale in the People's Republic since 2022. Combustion joins EV Renamed Riddara RD6 in export markets, which will soon include South Africa, the plug-in hybrid setup combines a 1.5-litre turbocharged petrol engine with a 19-kWh battery pack powering two electric motors. ALSO READ: Riddara RD6 electric bakkie penned-in for Nampo showing Hooked to a three-speed Dedicated Hybrid Transmission (DHT), the Horizon King Kong EM-P has a combined system output of 260kW/914Nm, which Radar claims will see it get from 0-100 km/h in 6.3 seconds and in 8.6 seconds with its maximum payload of 1 000 kg in the loadbin. Geely launched the Radar King Kong EM-P pickup truck in China with a starting price of 19,400 USD. To launch overseas as Riddara RD6 EM-P. 👇 May 28, 2025 Able to travel 100 km on the electric hardware alone, based on China's CLTC measurements, the Horizon King Kong EM-P has a combined range of 1 068 km when taking the petrol engine into consideration, and supports vehicle-to-load (V2L) charging of up to 3.3 kW. What has stayed the same Dimensionally, the Horizon King Kong EM-P remains unchanged from the EV with an overall length of 5 260 mm, wheelbase of 3 120 mm, height of 1 865 mm and width of 1 900 mm. A long wheelbase version will, however, also be offered with dimensions of 5 550 mm, a wheelbase of 3 310 mm and the same height and width as the conventional variant. Regardless, both bodystyles have a ground clearance of 225 mm, the same the EV. Claimed loadbin capacity is 1 200-litres, though the figure for the long wheelbase wasn't disclosed. Being all-wheel-drive from the start also means the inclusion of four off-road modes; Snow, Mud, Sand and Off-Road. Inside, the Radar Horizon King Kong EM-P differs little from the EV, bar new instruments inside the 10.2-inch cluster due to the fitting of the combustion engine. The rest of the interior's layout is otherwise identical and will most likely to feature the same assortment of specification items as the electric model. South Africa awaits Now on-sale in China in three variants priced from 139 800 yuan to 159 800 yuan, which directly converts from R346 695 and R396 293, the Radar Horizon King Kong EM-P has been approved for export markets under the Riddara RD6 EM-P moniker from later this year. At present, it remains to be seen whether local importer, Enviro Automotive, will see it fit to offer the plug-in hybrid in South Africa as an alternative to the EV. For the moment, pricing of the latter is unknown, with the only hint being Enviro's promise that it has 'implemented significant price reductions' as a means of making the RD6 a 'compelling and economically sound alternative to [its] internal combustion engine counterparts'. Originally planned for introduction this month, which subsequently became the Nampo no-show, expect more details about the electric RD6 to be announced in due course. Additional information from and NOW READ: Riddara RD6 plugged-in as South Africa's first electric bakkie

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store