Deputy Prime Minister Datuk Seri Najib Razak says the government (through it’s investment arm Khazanah Nasional) will not sell all of it’s 43% stake in Proton Holdings Bhd should Volkswagen decide to take up a controlling stake in it, as it is the national car, so there must be some form of government involvement.
“Whether we can give up a substantial stake, that’s the question. Substantial means majority. Are we willing to give up a majority in the manufacturing side? If we want a foreign strategic partner then we have to accept the fact that it has to be run on a commercial basis,” said Najib.
Can we say that they finally get it?
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AI-generated Summary ✨
Comments largely express frustration over Proton's management, quality, and reliance on government support, criticizing how it fails on a commercial basis. Many advocate selling Proton to foreign companies like VW or privatizing to boost competitiveness. There's skepticism about government protection hindering growth and doubts about Proton's status as a true national car. Overall, sentiments are negative, emphasizing that the company should operate commercially or be sold off to improve efficiency and quality.