The online business daily with more little birds than you can ever imagine The Edge Daily – has a report quoting unnamed sources that the Malaysian government has given the go ahead on giving foreign parties 51% control in Proton’s manufacturing arm, with the keyword here being control. The online daily also reported that talks with Volkswagen AG have resumed as of last month. Proton is also in talks with two other companies – PSA Peugeot Citroen of France and Chery of China.
The potential arrangement between Proton and it’s foreign partner would be similiar to Perodua’s setup with Daihatsu, with distribution under local control but manufacturing under the foreign partner’s control.
With the government having finally realising that pride cannot get into the way of doing business properly, the question is now – is it too late?