Back in late 2008, Proton had engaged in a legal tussle with its ex-partner for the Chinese market. Before Proton went to bed with Youngman for the Europestar range of cars, they actually had a JV with Goldstar Heavy Industrial Co Ltd to sell Proton cars there. Unfortunately there were hiccups along the way and Goldstar could not obtain the necessary manufacturing licenses.
Proton terminated the JV and naturally Goldstar was not happy. They went to court and the suit ended up being in arbitration in Singapore.
The result of the arbitration process is out:
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AI-generated Summary ✨
Comments mainly express support for Proton's decision to terminate the Goldstar JV due to licensing issues with Chinese partners, emphasizing that it was a necessary business move and not related to national pride or betrayal. Many users praise Proton’s achievements, such as local design and international exports, while others criticize bashers or skeptics who doubt Proton’s success or question the validity of industry reports and sales figures. There is a general consensus that Proton aims to expand and adapt through strategic partnerships, with some discussing the Chinese market and export performance. Overall, the sentiment is cautiously optimistic, appreciating Proton’s efforts to ensure its business integrity and growth amid challenges, despite ongoing online debates and criticisms from some commenters.