The Edge: Proton-VW MOI to be signed soon
Right after the report by The Malaysian Reserve a week ago comes another report by The Edge Daily on the Proton and Volkswagen negotiations. According to the report, a Memorandum of Intent will be signed soon and after further due diligence, things should speed up. The collaboration would most likely involve marketing, manufacturing, and distribution.
One thing I found interesting in The Edge’s report - apparently unnamed sources said the negotiations were taking so long to complete because the government wanted to “make sure the ecosystem of vendors and other companies providing services to Proton would not be eliminated.”
Proton shares peaked at 5.10 ringgit (a 18 sen, or 3.7 percent jump) but later settled down to a 1.2 percent increase to 4.98 ringgit as of 3:24 p.m. today.
Read the source to find out more.
November 16, 2007 @ 5:04 pm
After VW and Proton signed the paper, are there will be more VW cars on the road with cheaper price or more proton car with better quality?
November 16, 2007 @ 5:15 pm
If the govt still wants to protect their non-performing cronies, Proton will never improve…
November 16, 2007 @ 5:52 pm
MOI - Memorandum of Intent
MOU - Memorandum of Undertanding
MOI-MOI here and MOU-MOU there, last-last sekali tak MOU!
Boring hearing this kind of gossip to goreng share!
November 16, 2007 @ 5:53 pm
the negotiations were taking so long to complete because the government wanted to “make sure the ecosystem of vendors and other companies providing services to Proton would not be eliminated.â€
———-
Means maintaining NAP, AP King, Cronies vendors, etc, etc, to suck dry Bolehland motorist!
November 16, 2007 @ 5:56 pm
So it is clear G want to ensure cronies and AP king continue with this “fountain of money” to benefits themselve. What MD SZ can do? Just budak suruhan to put up crap show about VIM, CPS, etc.
November 16, 2007 @ 6:27 pm
It’s rubbish. it’s like a ‘never ending story’. Even mega-mergers or takeovers in EURO nations don’t take this long.
What is going on?
November 16, 2007 @ 6:55 pm
Bah! More shares manipulation stories…
November 16, 2007 @ 7:18 pm
Always same lyric only different melody.
Anyway hopefully everything will turn out to be good.
November 16, 2007 @ 9:04 pm
REally? The Edge again?
Sign or NOT ?
Goreng News again to get Easy money from Share market
GOOD LUCK gamblers
November 16, 2007 @ 11:06 pm
Proton is going to sign the toilet paper… hehe!
November 16, 2007 @ 11:12 pm
Wow… The proton share trade volume reach 26000, i smell fishy… if u look at the valumn, most of the time is between 6000. Maybe some datuk or minister know that the VW is going to buy the Proton share, so fast fast buy it when it is cheap. Proton is cheap when under RM5, well if u have the guts then buy.. if u scare of the 10 years economic downpour, i think u better keep ur money until the real market worst then buy…
November 16, 2007 @ 11:28 pm
the faster the better…
November 16, 2007 @ 11:42 pm
Haiz.. In reality all ppl in Malaysia know most of the top management in Proton are control by Cronies… That why the government wanted to “make sure the ecosystem of vendors and other companies providing services to Proton would not be eliminated.â€
Still want to earn extra money into their pocket, while sucking dry the peoples money… Have u wonder how many car’s did Dr.M own? And how many he own is made by Proton compare to others? Even his son drove more Europeans cars compare to Asian cars…
November 17, 2007 @ 12:58 am
the negotiations were taking so long to complete because the government wanted to “make sure the ecosystem of vendors and other companies providing services to Proton would not be eliminated.â€
- I’m not surprised…
November 17, 2007 @ 1:13 am
nothing is finalised yet…
November 17, 2007 @ 1:48 am
Boring ………………. on this repetitive news to goreng share!
November 17, 2007 @ 2:36 am
Still talking crap!!!!!!!!!!!!!!!!!!!1
November 17, 2007 @ 2:41 am
wait,wait,wait….hurry up, some guys are already freaking up..
November 17, 2007 @ 12:25 pm
“the government wanted to “make sure the ecosystem of vendors and other companies providing services to Proton would not be eliminated.â€
Any foreign automaker would like to have a local business partners (manufacturer,vendors or service companies) if you meet their requirements and they don’t want any “tom,dick,and harry” companies provide something that can tarnish their company reputations and sales and marketing. So what it that to worried about being eliminated…
There is nothing the Govt can do about it.. unless the Govt insist that these companies should not eliminated..(it goes by say these companies can’t take competition, need the “tongkat” for support as nice way of saying .. to be bluntly “operating under the Govt skirt” that can offend people.. ) …which I think it not acceptable by VW if that is one of the condition on the negotiating table (no deal amigo)
November 17, 2007 @ 12:41 pm
I just want a locally produced FSI engined car that’s cheaper than any SKODA, VW, or AUDI. Kalau boleh cheaper than the Toyotas, Hondas and Nissans, even better. Campro, chuck it out the window
November 17, 2007 @ 12:41 pm
There is still long way to go guys =
Memo of Undertstanding (MOU)—> Memo of Intent (MOI)—> Memo of really Intent (MORI) —-> Memo of near takeover (MONT) —-> Memo of pretakeover (MOPT) —-> PN17
November 17, 2007 @ 1:27 pm
Memorandum of Close Shop (MOSH)
November 17, 2007 @ 6:11 pm
if P1 does close shop, whats gonna happen to all their employees?
November 17, 2007 @ 9:32 pm
Nvm laa.. sure the G will offer them work in G office.. Since the G is so well take care of it’s people.. Or the other options, go to other automobile manufacturers like Perodua, Honda, inokom or Nissan in Malaysia to work. If still dont want? Thailand & Indonesia is always welcome them to come…
November 17, 2007 @ 11:14 pm
if the business cant sustain itself, then the employees need to get fired or retrenched. same as any company in the world.
its a car industry in this country and its should not be made for one company only. especially a lousy performing one at that.
November 18, 2007 @ 12:40 am
shooter, if P1 clased shop and vW buy over Tg. Malim plant, ramp up the production to 1 million car annually (assume NAP sleep inside the grave), not only it can absorb existing staff, but need at least 5 times what P1 employ now!
November 18, 2007 @ 4:57 pm
soon = ?
November 18, 2007 @ 6:07 pm
i like the second paragraph of the post…
November 18, 2007 @ 8:49 pm
very soon?
November 18, 2007 @ 10:10 pm
As soon as possible! ASAP ……..
November 19, 2007 @ 3:34 am
this is more important than VW/Proton deal
http://activerain.com/blogsview/22023/Betty-Ford-for-Bloggers
November 19, 2007 @ 8:29 am
Lee*a Bar**ock S**ks………..kah kah kah, i hope the article was written by some other crap………..
November 19, 2007 @ 11:08 am
“make sure the ecosystem of vendors and other companies providing services to Proton would not be eliminated.â€
In a negative view, this statement will most likely be interpreted as our G trying to protect cronies and such but if we think further, the aftermath of not protecting these available vendors is that the lower incomed workers that are working under these vendors will have the risk of losing their jobs.The G is POSSIBLY trying to protect the big workforce that had been long involved in the industry. If not, it will worsen the already critical unemployment rates in our country.Maybe thats why the word ecosystem is used.
November 20, 2007 @ 1:58 am
Bull s**t!!!!