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CCF mod 07-16-2007 06:15 AM

Youngman Lotus (Europestar) L3

Proton has secured a deal to supply fully built-up (CBU) Proton GEN2 cars to Youngman Automobile Group Ltd Co. to be sold in China. The agreement was signed between Proton Managing Director Dato’ Syed Zainal Abidin Syed Mohamed Tahir and Youngman through its Chairman, Pang Qingnian.

The deal involves a minimum of 30,000 Proton GEN2 CBU cars that wil be rebadged in China under the brand EUROPESTAR and eventually Youngman and Proton (through Lotus Engineering) will be developing a new range of EUROPESTAR cars together. This supply contract is for a period of 20 months from the date of the first delivery of vehicles.

I think it’s best that the underlying components of these new EUROPESTAR cars use component sharing with Proton cars, that way the economies of scale for both Youngman’s EUROPESTAR and Proton can improve together. From what I understand, the deal involves technical licensing of the GEN2 platform as well as the CamPro engine for future EUROPESTAR cars

Proton MD Syed Zainal says these are landmark win-win agreements as it would enable Proton to sell its products and commercialise its technologies in China through Youngman for their brand of passenger cars in a huge market with promise of exponential growth. Imagine, the Chinese auto market is already huge as it is, yet in reality Chinese car ownership is only at 1% of it’s population and is set to grow by 20 to 30% annually.

“We are therefore positive with the prospects and export optimisation that will result in production volume increase at the Tanjung Malim plant. We are equally optimistic of the opportunities in commercialisation of PROTON’s technologies and intellectual property rights,” added Syed Zainal.

However, in Proton’s announcement in Bursa Malaysia, it stated that the relationship of Proton and Youngman is one of independant contracting parties and shall not be construed as creating an agency or partnership between the parties.

BringIt 07-16-2007 10:35 AM

What's a "fully built-up (CBU)" car??? It sounds like an import of a fully assembled car, right? Doesn't that get hit with heavy taxes?

CCF mod 10-26-2007 01:48 PM

First spy pics of Chinese Gen-2:

Admin 10-27-2007 10:45 AM

hey martin, those spy pics are really nice! i like proton but this is sad that they are entering china, since chinese manufacturers should eb taking out proton in its original domains like south east asia...

a chinese car manufacturer should just buy them out

im sure they are valuated very low

CCF mod 10-27-2007 05:32 PM

At the moment Proton is in financial difficulties as it's experiencing decrease in sales and in marker share. The company is looking for foreign partner. At the moment they are at talks with VW but no deal has been made yet.


The Prime Minister Datuk Seri Abdullah Ahmad Badawi says the government has not decided yet whether to allow management control of Proton by Volkswagen AG. He cited Volkswagen’s insistence on wanting to be very certain of everything - you could call it cautiousness - as one of the reasons why the deal is taking some time to be finalised.

“We want as soon as possible but we can’t force them to hurry up,” added Abdullah. Apparently Volkswagen is just waiting for a nod from the government in regards to the management control.

CCF mod 11-27-2007 12:00 PM

Youngman finally got its Chinese name - from China Car Times


Today we’re happy to report that the Lotus Racer, made via the Youngman Proton tie up will be called the Jing Su in China, this means to contend with quickness, or it could be translated as to struggle with quickness.
The Lotus designed motor should be on the Chinese market by the end of December priced at 120 to 150,000rmb. We’re not sure how, or where they will sell it though, we’ve yet to see a Youngman dealership, and if the car looks anything like this, they just wont sell.

Raul 12-05-2007 09:13 AM

1 Attachment(s)
I found a new picture of Chinese Gen-2. This time it is called a 'RCR' ?

Raul 12-05-2007 09:28 AM

found more pictures from auto.tom

CCF mod 12-11-2007 12:20 PM

It seems the car will indeed be named RCR:

CCF mod 12-11-2007 12:21 PM

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