More AP Updates

Rafidah says she is too hurt to reply. But the cabinet wants to hear her side of the story. The ball is in her court. Datuk Seri Najib Tun Razak says she might be asked to respond in one of the Cabinet’s weekly meetings.

Tun Dr. Mahathir is reported to be very “sad”, “disappointed”, and “frustrated” over the issue.

In other matters, DAP leader Lim Kit Siang is calling for a public debate on whether Volkswagen should be allowed to acquire up to 30% stake in Proton. What we should wonder is, where will the 30% come from? Khazanah which holds 42.7% does not plan at this point to divest any of it’s stakes in Proton. Volkswagen AG will have to buy shares from some of the existing majority shareholders and other shareholders, like Petronas for instance.

Ex-Proton CEO Datuk Mohd Nadzmi Mohd Salleh (yeah, this is the other ex-CEO) also revealed that leading American automaker General Motors had shown some interest earlier to acquire stake in Proton but government over-protection caused that deal to fall through the floor.

GM later went to Thailand with it’s big wads of cash and the result is what we know Thailand as today, the Detroit of the East, with an automotive industry far larger than Malaysia’s even though it started later than Malaysia.

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Paul Tan

After dabbling for years in the IT industry, Paul Tan initially began this site as a general blog covering various topics of personal interest. With an increasing number of readers paying rapt attention to the motoring stories, one thing led to another and the rest, as they say, is history.

 

Comments

  • sekot on Jul 31, 2005 at 6:28 pm

    You want to be part of GM? opps, no thanks. Toyota invest in Thailand in since 1950's. They start to bring all their suppliers in early 80's.

    Like or Dislike: Thumb up 1 Thumb down 1
  • I wonder why Nadzmi suddenly spoke up of this issue.

    Like or Dislike: Thumb up 1 Thumb down 0
  • Nadzmi came out with this issue due to his golden handshake remarks by Tun Mahathir, RM1m. Wow. Wonder how much wira have to be sold to handshake nadzmi from proton? So when his name is mention, he try to go into the spotlight to.Thailand lake of R&D. They only assembles cars. Which is different from Proton. For Rafidah, she didn't lie but she's not telling everything. This is a national issue. Wonder how many people suffer due to have to buy a safety lack cars due to high price. Accident rates are up…

    Like or Dislike: Thumb up 1 Thumb down 0
  • Bigjoe on Aug 01, 2005 at 4:21 am

    After Cabinet, she will have to face Parliament. I look forward to Lim Kit Siang and Karpal Singh and Husam going after her then.

    Like or Dislike: Thumb up 1 Thumb down 0
  • hokkien lang. on Aug 01, 2005 at 9:38 am

    go……………. DAP only these people are fearless to spoke out what we feel and suffer in here….

    Like or Dislike: Thumb up 1 Thumb down 0
 

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