Proton is trying to cut down it’s dealership network by offering a voluntary separation scheme (VSS) to it’s dealers, offering a one time pay-off fee to compensate for them having to close down their dealerships. Proton offered RM150,000 to each dealer, money that it had obtained from the government – that’s RM10 million there. The money comes from the RM500 million Automotive Development Fund allocated in the Ninth Malaysia Plan
However, out of the 102 dealers that were offered this VSS scheme, only 36 accepted the offer. Many dealers snubbed the offer, saying it was too low. Most have written formally to Proton, saying they want more – amounts of up to RM500,000 were requested. The dealers say they invested up a minimum of RM200,000 to setup their operations.
Proton’s latest proposal is to increase the compensation to RM300,000 – double the earlier RM150,000 amount. To do this, it is requesting another RM16 million from the government. The 36 dealers who accepted the offer earlier would also be entitled to this higher amount.
Seriously now, RM26 million for Proton dealers?!?!
EDIT: I’ve added two more sources from Associated Press via Forbes, as well as Associated Press via Chron.
Source: Business Times, Chron, Forbes
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AI-generated Summary ✨
The comments express widespread frustration and skepticism over Proton's management practices, especially regarding the RM150,000 VSS offer to dealers, viewed as an unjust use of taxpayers' money to bailout underperforming dealerships. Many criticize the Malaysian government for supporting Proton financially, accusing corruption and advocating voting out BN for better governance. There is anger over Proton's perceived reliance on government bailouts, poor quality vehicles, and lack of accountability, with arguments that industry failures should be borne by private business rather than taxpayers. Some comments sarcastically suggest that Proton and government officials are self-enriching at public expense, emphasizing the need for transparency, better business practices, and political change to improve the automotive industry and national integrity. Overall, sentiments are highly negative towards Proton, government support, and the prevalent cycle of financial mismanagement.