Sime Darby Berhad today announced that it has entered into a conditional share purchase agreement with Permodalan Nasional Berhad to acquire PNB’s 61.2% stake in UMW Holdings Berhad, which not only includes their aerospace and manufacturing businesses, but also the Toyota and Perodua brands. Under the terms of the agreement, Sime Darby will purchase PNB’s 61.2% stake for a total cash consideration of RM3.57 billion or RM 5.00 per share. Once the agreement becomes unconditional, Sime Darby will b

In Daihatsu’s latest follow-up to the countermeasures following the spate of procedural irregularities involving the UN safety certification of 5 Daihatsu-developed models – Toyota Vios / Yaris Ativ, Perodua Axia, Daihatsu Rocky Hybrid, Toyota Raize Hybrid, and an yet-to-launched model (likely to be the Japan-only new generation Daihatsu Move) – the company has revamped its organizational structure to separate quality management teams from sales, while three executives have been transferred out.

February has proven to be a productive month for Proton, as the company managed to deliver 11,873 units, capturing an estimated market share of 27.1%. It marks the highest market share for Proton since September 2013. Overall, Proton’s sales in February nearly doubled January 2021’s total of 5,964 units. Compared to the same month last year, volume has grown by 19.9%, though the cumulative for the first two months of 2021 is still 643 units (-3.5%) than 2020. Also Read: Less choices for consumer

Another update is upon the Proton Persona and Proton Iriz. The two were spotted testing with camouflage, which suggests cosmetic updates, and we had a peek into the 2021 Proton Persona’s interior. Floating infotainment screen aside, one of the speculations is the change from CVT to a 4-speed automatic (4AT). This has sparked conversations amongst readers. Some are all for it, some against it. Why a 4-speed automatic and not 6-speed? Simply put, it’s cost. Using a never-before-seen transmission i

Debuted at the 2019 Thailand International Motor Expo, the all-new 2020 Nissan Almera’s spec sheet is one impressive piece of paper, especially the range-topping VL. Full suite of ADAS available, turbocharged engine, and competitively priced to boot. But what looks good on paper doesn’t always make it a brilliant car, here’s what the Bangkok Post has to say about the new Almera after driving it. When the all-new Nissan Almera made its first appearance, many were taken by its new stylish looks. I

** This article is the personal experience of a 2019 Proton Persona 1.6 Premium CVT owner and does not necessarily reflect the views of WapCar Facebook: Louis Lim My white 2019 Proton Persona 1.6 Premium CVT was bought about 4 months ago at a price of around RM55k. As I was still a student going for internship soon at that time, I needed my first car to travel to work every day. Due to budget constraint, I had to choose a local car that fits my budget. Therefore, I was left with a few choices an