print_money_left.jpgWe thought we’d heard the last of the AP issue, and Malaysia was moving slowly towards an open market for the automotive industry. But we were wrong.

The government has just approved 3,000 new Wald APs for Amazing Tempo Sdn Bhd. These APs were approved by a special commitee headed by Datuk Seri Najib Tun Razak. The Edge Daily has also reported that Open APs were issued to six companies – Naza Brabus Motor Sdn Bhd, LX Mode Sdn Bhd, G-Power (M) Sdn Bhd, Impul (M) Sdn Bhd, Vision Motorsports Sdn Bhd and Kleemans (M) Sdn Bhd.

I do not know LX Mode, G-Power and Vision Motorsports is. And I assume Kleemans deals with Kleemann products, however aren’t those APs supposed to go to Emeritus Equities Sdn Bhd, a company owned by Datuk Seri Rafidah Aziz’s niece? Has the company changed names?

The question most of you will be asking is. how come of all the sudden these tune-up companies are able to get APs, as it was against the policy previously set in the NAP? Our Prime Minister says it must be a special case, and does not offer any explanation beyond that.

Wald is a brand of tuned-up cars, but there seems to be no limit to the amount of cars they have in their offering, which makes Wald APs somewhat the equivalent of an Open AP, since the Wald badge can be found on almost anything. Wald Proton Savvy anyone?

To refresh your memory on the AP fiasco, please read the following links, especially the one with the calculations on the amount of APs the franchisee for Kleemann gets.

Related Posts:
Kleemann APs
Amazing Tempo Sdn Bhd Statement on Wald AP Freeze
No more APs for Wald
Why did MITI stop issuing APs to Walds Amazing Tempo Sdn Bhd?
Thoughts on the National Automotive Policy

PM: There must be special reasons
Government issuing new APs?