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?