Rafidah says she is too hurt to reply. But the cabinet wants to hear her side of the story. The ball is in her court. Datuk Seri Najib Tun Razak says she might be asked to respond in one of the Cabinet’s weekly meetings.
Tun Dr. Mahathir is reported to be very “sad”, “disappointed”, and “frustrated” over the issue.
In other matters, DAP leader Lim Kit Siang is calling for a public debate on whether Volkswagen should be allowed to acquire up to 30% stake in Proton. What we should wonder is, where will the 30% come from? Khazanah which holds 42.7% does not plan at this point to divest any of it’s stakes in Proton. Volkswagen AG will have to buy shares from some of the existing majority shareholders and other shareholders, like Petronas for instance.
Ex-Proton CEO Datuk Mohd Nadzmi Mohd Salleh (yeah, this is the other ex-CEO) also revealed that leading American automaker General Motors had shown some interest earlier to acquire stake in Proton but government over-protection caused that deal to fall through the floor.
GM later went to Thailand with it’s big wads of cash and the result is what we know Thailand as today, the Detroit of the East, with an automotive industry far larger than Malaysia’s even though it started later than Malaysia.