During a recent social media broadcast, prime minister Datuk Seri Najib Tun Razak said the government would ensure the continued survival of national carmaker Proton.
At the 25 minutes 15 seconds mark of the near hour-long video, he told a gathered crowd, “that which we have to save, we will save. Too big to fail. Proton is too big to fail because the ecosystem is large. We will make sure Proton survives, but we will restructure it to make Proton competitive.”
“If you sell 70,000 cars, you cannot survive, ladies and gentlemen, you cannot survive. 70,000 cars, how is it possible? But it’s too big to fail. So, we support. We provide money. How much? RM1.5 billion? I think about RM2, almost RM3 billion injected into Proton. Must. Failure privatisation in those days, we rescue,” he ended.
Last year, Proton entered into a strategic partnership with Zhejiang Geely (ZGH), with the Chinese company set to acquire a 49.9% stake in the national carmaker. We’ve detailed what’s in store for all parties involved, including DRB-Hicom, in a separate post previously.
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Because of you (Proton)… rakyat pay for high car price…
How long still want beggar…?
Proton sales history (including export 1985-2004, 2006 onwards only local sales from MAA stats)
1985 – 7k
1986 – 24k
1987 – 24k
1988 – 42k
1989 – 53k
1990 – 75k
1991 – 97k
1992 – 93k
1993 – 110k
1994 – 129k
1995 – 160k
1996 – 190k
1997 – 218k
1998 – 116k
1999 – 182k
2000 – 192k
2001 – 223k
2002 – 227k
2003 – 169k
2004 – 175k
2005 – 174k
2006 – 115k
2007 – 118k
2008 – 141k
2009 – 148k
2010 – 157k
2011 – 158k
2012 – 141k
2013 – 138k
2014 – 115k
2015 – 102k
2016 – 72k
2017 – 70k
2018 – ???
“200,000 units by 2020 and 300,000 units by 2023 before arriving at the 400k mark in 2027.”
– Dr Li Chunrong, PHD holder.
Bell curve!
Like human metabolism rate by lifespan … shrinking as you get old. Looks like p1 days are numbered!
Haihhh whatever laa… setakat jual 70ribu pon too big. Shiok sendri to d max
why you replied to yourself?
“too big to fail because the ecosystem is large.”
He shud do better to explain what that means. whereby P1 vendors r oso suppliers to other brand inc non nationals here as well. And if P1 falls, they fall too and entire automotive supply chain for all other brands P2, Toyota, Honda, Nissan, Mesidis, Volvos, BMW, Pijot, Renault, etc will come crashing down like a house of cards.
Statement must be consistent oso.
https://paultan.org/2017/03/02/proton-a-failed-white-elephant-project-nazri-aziz/
PM is PM.
Nazri is Nazri.
Siapa lagi besar?
The volume issue was known so many years ago
Whats new?
Infact the last team did tried to tackle this volume issue. They went to china, chile, pakistan, etc trying to create that market.
And also injection 2 – 3 billion isnt that much compared to what proton gave all since 30 years ago
This guy really not having any clue what he said about saving proton
And also the other bigger problem with this guy is a bit more basic. Very big trust deficit
Proton is too big to fail.
Ini barulah… Good job predecessor !!
Close shop better.. only perodua & honda we trust..
If P1 kolos shop, then P2 will oso follow soon.
Proton is already a failure in the eyes of Malaysian and the world
Except for China’s eyes. And thats all that matters.
Sez noone but u.
First time notice Proton fanboy agreed on failure….
Why you replied to your own dupe?
Nope. The other john aint no fan of gud, safe, reliable and value for money cars.
P1, Geely, Mesidis, VolvoCar, VolvoTrucks, Lotus > all
I wish Geely can change Proton brand to medium high standard car maker. Currently Proton is consider a medium low branding, so those who is financially capable won’t consider Proton as their status car.
Branding is very important for current stage, if you fail once, it takes 10 or more years to recover the fault you had made just to recover back the branding.
its not all about the branding only.. the quality also have too improve
6.2% increase in income? come on, that’s just the normal annual salary increment rate la…haaa
this sounds more like the little calm b4 the Storm. of change
Last time when it was under DRB, Government will lie to us saying it was in private hands but still give billions in bailout.
Now even better, not only it is in private hands but also in foreign Geely hands, I don’t know why Government have to use out tax payers money to give Proton bantuan all the time.
Let Geely look after Proton. After all Geely made USD$30 billion in profits last year. It is their job to look after their subsidiaries.
So why is the Malaysian Government poking their nose into Proton’s matters?
U got ur history all mixed up again.
Gov gips help when it was still under local ownership. Now under Geely, gov no longer gips such help except for R&D initiatives that they oso gip to others as well.
And for godsakes, please read lar the articles b4 u bash. PM only mentioned about P1 becoz he was ASKED about it.
Pity those loyal & hardworking P1 vendors / suppliers. Hope they fairly compensated..
All in Proton breathe sigh of relieve. Nasib baik…
Proton wont fall if under Geely management, may get profit too. cut off unnecessary expenses will help to boost proton profit.
Malaysia is too big to fail too
A failure talking about a brand that is going to fail
How ironic
Do elaborate how did he fail. So far, 5.9% GDP and 6.9% EPF is far from failure if compared to 3.5% GDP & measly 2.5% CPF.
The fact that most malaysian not interested to buy second or third cars with proton or perodua. They looking for imported and continental for prestige and satisfaction. This is human desire that god give and could not be control by any human.
jepunis badges have no prestige, no satisfaction in driving underpower jpunis cars
however terrible the way government/hicom manage proton past many decades, still we should wait and see if new geely led management can bring good changes in proton.
consider boyue alone sold more than 250,000 units in china last year, that almost half of malaysia TIV. boyue may not perfect but it is good product to start with.
if new merit minded management can change top down, and deliver competitive pricing, good quality product, good service, and better taste kangkung in their canteen, surely proton can move forward.
proton opt to bring down part suppliers uncompetitive pricing, upgrade 1s centre for example, those for me is good news. ultimately our consumer wins.
please do not take our pm word too seriously, because it is just politics.
He probably said that becuz he trusted in Geelys plan and saw the progress towards it.
At least he tried to save workers from losing their job
Indirectly. It still depends on Geely to turn P1 around. But at least he let go of P1 to foreign hands, knowing that its future is assured.
Gov to provide more cash injections to Geely mgmt for P1 to survive..
Why need to when Geely got record breaking sales? Binggung.gif
EIS (unemployment insurance) can take care of the Proton workers in case of close shop.
Make full use of EIS money by Socso.
Adat berniaga, bila gagal sila bungkus.
Boleh bagi advice ni pada Elon utk Tesla dia tak?
More like……P1 with tongkat all these while, still can fall (again).
Yes?
Rosmah is too big to fail eating
And what does she has to with P1? Politikus much?