Our prime minister Abdullah Ahmad Badawi told the press yesterday that Volkswagen was currently conducting a due diligence audit on Proton, confirming the previous report by The Edge. A due dilience audit is ann investigation or audit of a potential investment which serves to confirm all material facts in regards to a sale.
“It is important for Proton to be comfortable with its potential partner. And as soon as that is confirmed, then I believe we must tie up the deal as quickly as possible,” he said.
He further added that the introduction of the Proton Persona had nothing to do with the timing of Volkswagen’s due diligence study, but it does prove to the world that Proton is still capable of coming up with a superb product.
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The Edge: Due diligence audit for Proton this month
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AI-generated Summary ✨
Comments express optimism about Proton's efforts and improvements amid skepticism over its safety, quality, and technology. Several highlight Proton's challenges like fuel pump issues, safety concerns, and secondhand value, while others appreciate the positive changes and potential benefits from VW's involvement. There’s a mix of support and criticism, with some fearing loss of national pride and control with VW takeover. Overall, sentiments are cautious but hopeful for Proton's future development.