Following today’s announcement, Proton has sent out a press statement “to record its appreciation” of the Malaysian government approving the national carmaker’s soft loan of RM1.5 billion.
“The announcement by the government will catalyse Proton’s turnaround plan, which includes the rolling out of three new models this year starting with the Perdana. With the infusion of new members of management, the company is confident to turn around,” said the new Proton CEO, Datuk Ahmad Fuaad Kenali.
In the statement, Proton maintained it will continue to focus on improving its products and services in order to serve its customers better. “Proton is also constantly engaging its strategic partners to explore collaborative opportunities to improve its products offerings and time to market. I believe the assistance by the government will reinforce the confidence of our partners in Proton,” Fuaad added.
Proton is fully aware that its sustainability will directly affect the eco-system of the Malaysian automotive industry, involving its customers, employees, vendors, suppliers and dealers.
“We value the assistance and acknowledge all the concerns highlighted by the government,” mentioned Fuaad, referring to MITI’s lengthy statement on the current state of the local company. “We welcome the setting up of the task force and look forward to working closely with them to chart sustainable growth for Proton.”
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AI-generated Summary ✨
Comments reveal strong skepticism and criticism surrounding Proton's RM1.5 billion soft loan, with many viewing it as a bailout using taxpayers' money rather than genuine corporate turnaround efforts. There is widespread concern over Proton’s management quality, vendor corruption, and persistent quality issues, with some arguing Proton remains reliant on government support while failing to produce competitive, affordable cars compared to neighboring countries like Thailand or in the US. Many see the loan as a moral hazard that prolongs Proton’s stagnation, with calls for better management, foreign expertise, and strategic partnerships. Off-topic political debates and insults dominate some comments, but overall the sentiment is that Proton needs significant structural reform rather than more government funding.