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That's the whole problem isn't it? Management don't have to explain to public. Sure you can get the financials if you dig, that is if you dig. Correct me if I am wrong, the whole purpose of public company using public funds should automatically make itself accountable. Proton is created and operated using 100% pure public money and nothing else.

Making a company private or public does not make it better or worse, but it is the people running it, which again leads to management! If management feels that their hands are tide then quit as a protest and the market would automatically respond. Good or bad manager, the market willl know.

March 26, 2006 @ 12:56 am

I always hear the Proton engine is “designed” by some Japanese’s car marker. I haven’t heard the Proton really designs its own engine from scratch during the past 20 years.

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well, Proton and its hardcore supporters claims Campro is… so wat say u to disprove their "claims"?

Isn’t there is any member of Parliaments who stand up and comment that Proton is no longer a viable business operation and shall be closed down? If Malaysian needs the imported technology, we can have more CKD plants so the local can be trained. However, the R&D still belong the respective company. Please correct me if I am wrong. I always hear the Proton engine is “designed” by some Japanese’s car marker. I haven’t heard the Proton really designs its own engine from scratch during the past 20 years. To me, Proton is not much different being a “CKD production” except using Malaysian’s tax payer money. Any thoughts?

Cheers!

If it's private company, government won't pump in money anymore. Further more, the process of converting public into private will benefitial the minority shareholder, else the minority won't sell off their shares.

It acutally means that they can now play with whatever money they still have and don’t have to answer to the public about it. Great one isn’t it? Creating a national car using public money and then make it into a private company making it harder for public inquiry. What happen to their plans to spin off divisions of the Proton into separate listed/profitable entities?

Actually it's very easy to get the financial affairs of Proton even they're privated. Just the management won't have to explain too much things to the public. Furthermore, who ever buy over Proton and make it private will have a better chances to make proton a better future.