Friday, October 8, 2010

Proton skids on Gen.2, Satria Neo recall

KUALA LUMPUR: PROTON HOLDINGS BHD []'s shares slipped in early trade on Friday, Oct 8 after the national carmaker recalled its Gen.2 and Satria Neo models made between 2004 and 2008 due to potential''concerns over a clock spring malfunction.

At 9.15am, Proton fell three sen to RM4.88.

A local newspaper reported the clock spring connects switches and airbags to the radio, horn and cruise control. The recall affects 15,911 cars of the total 660,000 produced and sold by Proton over the four year period.


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