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Automobiles

DRB Hicom pins hopes on Chinese input for real profit

Malaysian automotive conglomerate banks on Geely to turn Proton around

DRB Hicom says Proton's financial and operational performance will gradually improve based on the technology sharing and product development from Geely.   © Reuters

KUALA LUMPUR -- Despite swinging to a profit recently, Malaysia's DRB Hicom is not exactly celebrating, but is looking instead to Chinese input to turn around Proton Holdings, its 50.1%-owned national automaker, and to give a further boost to Pos Malaysia, its postal services unit. 

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