The last we heard our Prime Minister Abdullah Ahmad Badawi say anything about Proton at all was back in October when he said Proton would sell stake to Volkswagen AG. The issue of management control was not mentioned though.
After a really long silence on the topic of our favourite national carmaker, the PM has finally said a few words on the matter. PM Abdullah Ahmad Badawi says Proton needs a foreign partnership to boost efficiency and car quality.
He said to reporters in Putrajaya that Proton is national property and a national icon and would never be sold off to foreigners. What Proton needs is a smart partnership iwth a win-win situation so it can gain advanced technologies to cope with other makes as Malaysia slowly opens up it’s automobile market.
Okay. What else is new?