Proton is a Malaysian automobile manufacturer headquartered in Shah Alam, Selangor, with a manufacturing plant in Tanjung Malim, Perak. Founded in 1983, it was Malaysia's only automaker until the founding of its competitor and arch-rival Perodua in 1993. Its name is the Malay acronym for PerusahaanOtomobil Nasional (English: National Automobile Enterprise). Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay It is a key member of Proton Holdings Berhad, the holding company listed on Bursa Malaysia. Over 42% of its capital is owned by the government-owned company Khazanah Nasional Berhad, making it linked to the government. For more than a decade after its founding, this stake was jointly owned by Mitsubishi Motors Corporation and Mitsubishi Corporation until they sold their stake in that company. Perusahan Otomobil Nasional Berhad (PROTON) was incorporated on 7 May 1983 to manufacture, assemble and sell motor vehicles and related products, including accessories, spare parts and other components. PROTON produced Malaysia's first car, the Proton Saga, which was commercially launched on 9 July 1985 by the then Prime Minister of Malaysia, Dato' Seri Mahathir Mohamed, who had originally conceived the idea of ​​a Malaysian car. PROTON's main factory is located in Shah Alam, with an area of ​​99,400 m2. The site also hosts an engine and transmission factory, a smelting plant, a research and development center and a semi-high speed test track. The factory currently produces 240,000 units per year. Investment in developing research and design capabilities that includes the expertise of PROTON's wholly owned subsidiary, Lotus Engineering UK, one of the world's leading automotive engineering consultancies, has provided PROTON with an invaluable resource that has contributed to position the national automotive company at the forefront of the automotive industry. Proton acquired a stake in Lotus Group International in October 1996. This stake was increased to 100% in 2003. Since the acquisition, Lotus staff are closely involved in the development of Proton's new model, with a team of engineers constantly located in the research and development department. center in Malaysia. The launch of Proton's new research and development facility in 1998 contributed to the company's most critical business; innovation in design and creative engineering methods. Consumers can now expect Proton to provide more unique, stylish and attractively priced cars. Completed in 2004, a state-of-the-art assembly plant was built in Tanjung Malim, 60 miles north of Kuala Lumpur. Its intelligently designed infrastructure of high-precision robotics ensures perfect quality at every stage of production. Capable of 150,000 units per year on four multi-model production lines, it allows for flexibility and rapid response to market demand situations. This area has been named Proton City and consists of a 500-hectare site containing the factory, plant, housing, a university and other commercial buildings to accommodate component suppliers. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay PROTON cars are making their mark internationally as competitive and innovative automobiles. They are now exported to 50 countries, including the UK and highly competitive continental European markets. With the concerted and constant commitment of customers, partners in.