Proton Holdings Bhd MD Syed Zainal Abidin Syed Mohamed Tahir said today that the company is in talks with a foreign company for a strategic core alliance, which might involve selling a stake to the foreign company in exchange for technology transfer. Not much more details beyond that were said, but details are to be announced at the end of this month once an agreement between the two sides is reached.
I guess we’ll have to wait until the end of this month before we know more about this partnership, and who the foreign car manufacturer is, and whether selling a stake would be involved. It will be good that technology transfer is in the plans. Can’t wait to know the full details.
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AI-generated Summary ✨
The comments express skepticism about Proton's strategic partnerships, questioning their authenticity and effectiveness, with many believing the alliances are mere publicity stunts or attempts to salvage the company's image. Several commenters criticize Proton's quality issues, outdated models, and lack of innovation, feeling the company is relying on collaborations and rebadging rather than developing its own technology. There is a sense of frustration with the Malaysian government’s protectionism, which some feel has hindered Proton’s growth. Many suggest that the company’s management needs more time to improve, but critics doubt substantial change will happen soon. Overall, sentiments are mostly negative, with doubts about Proton's future competitiveness and concerns over poor quality, unfulfilled partnership promises, and ongoing financial struggles.