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?
Related Readings:
Proton to produce MPV and SUV with Chery
Proton and PSA Peugeot Citroen sign letter of intent
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AI-generated Summary ✨
Comments generally express optimism about the potential benefits of foreign control in Proton, hoping for improved quality, innovation, and competitiveness. Many see it as a necessary step to revive Proton’s fortunes and boost Malaysia's auto industry. However, some concerns linger about loss of national pride, management control, job security, and the long-term impact on local industry. Overall, the tone is cautiously hopeful, emphasizing the need for strategic partnership and genuine improvement.