Back in late 2008, Proton had engaged in a legal tussle with its ex-partner for the Chinese market. Before Proton went to bed with Youngman for the Europestar range of cars, they actually had a JV with Goldstar Heavy Industrial Co Ltd to sell Proton cars there. Unfortunately there were hiccups along the way and Goldstar could not obtain the necessary manufacturing licenses.
Proton terminated the JV and naturally Goldstar was not happy. They went to court and the suit ended up being in arbitration in Singapore.
The result of the arbitration process is out:
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AI-generated Summary ✨
Comments largely express concern over Proton’s termination of the Goldstar JV contract with China due to licensing issues, emphasizing that it was a business decision rather than a betrayal of national pride. Some discuss Proton's export achievements, industry challenges, and market strategies, with a generally skeptical tone. There are also off-topic debates about car brands, sales figures, and industry reputation, but the main sentiment is that Proton acted appropriately to safeguard their business interests.