Proton recalls Savvy

Malaysian car manufacturer Proton is recalling its Savvy cars to address a possible wheel bearing problem.



According to the Proton press release: "This recall is purely a precautionary measure as the convenience and safety of its customers is PROTON's highest priority."

The company is encouraging customers to contact the nearest Proton Edar or EON service branch for an appointment to have their cars inspected. Not sure whether this recall affects cars in the UK.

Following the recall, Proton Holdings Bhd. shares were trading lower on the Kuala Lumpur Composite Index (KLCI) down 2 sen at 3.84 ringgit ($1.20).

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The Tata, Jaguar, Land Rover Deal in the news

Lord Bhattacharyya, who founded the Warwick Manufacturing Group at the University of Warwick says “How often do two such icons come up for sale at the same time? Land Rover is now sustainably profitable and you are about to see a renaissance of Jaguar,". Read "Tata, Jaguar and Land Rover. Now what?"

Analysts think it's not a good deal. "Tata's Jaguar Deal Worries Analysts".

Investors are apparently worried as well with the company falling a few points on the Bombay Stock Exchange. "Tata Motors plunges 5 pc post JLR deal".

Definitely Tata will face several management challenges. Read "Can Tata Rev Up Jaguar?"

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