Speculation is rife that Dongfeng Honda Engine Co deputy general manager Li Chunrong, who has joined Zhejiang Geely Holding Group Co Ltd (Geely) to oversee operations in Proton, will be appointed chief executive officer of the Malaysian automobile company.

A China Press report, quoting the Xinhua state news agency, states that Li left Dongfeng Honda and joined Geely on Aug 22.

However, neither Geely, which owns 49.9 percent of Proton equity, nor Proton confirmed the news of Li being appointed CEO...