Another week, another statement – DRB-Hicom today issued a follow-up announcement to that made last week regarding the status of the interested parties bidding to become Proton’s foreign strategic partner (FSP).
In case it hasn’t been made clear, all the automakers that have submitted a bid are still around. “There have been news reports stating that we are left with only one bidder. I can confirm that all parties that submitted bids for Proton are still in the running and DRB-Hicom is still evaluating these bids,” group MD Datuk Seri Syed Faisal Albar said via the statement.
Syed Faisal added that DRB-Hicom is carrying out a detailed evaluation of the bids, and that the conglomerate was going through the tail-end of this meticulous process.
“There are strengths and capabilities of the carmaker that, given a new proven partner that can offer technology, capabilities and new markets, will push Proton as a brand to be reckoned with. This is why our evaluation of the bidders needs to be a detailed one. Proton and the incoming FSP must be able to create synergies that will ensure the success of this venture,” he explained.
Early last week, a news report had indicated that Chinese automaker Zhejiang Geely had pulled out of its bid for a partnership with Proton. This led to DRB-Hicom issuing a statement that said all the original bidders were present and accounted for and were still at the negotiation table.
Geely and Groupe PSA are the leading contenders to become Proton’s FSP. The duo are the only automakers to be named as being in discussions with the national carmaker.
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AI-generated Summary ✨
The comments express a mix of skepticism and frustration regarding Proton's ongoing bidding process, with many believing all potential bidders have withdrawn or are delaying due to unfavorable terms. Some are critical of Proton’s quality and management, suggesting it’s a national embarrassment or a "white elephant," while others encourage support for local products despite issues. There is discussion about Geely's interest in Lotus and possible strategic moves, but doubts about the seriousness of bids persist, with accusations of market manipulation and bids being mere posturing. Several comments also touch on the broader impact of Proton's situation on Malaysian industry, jobs, and national pride, with a sense of disappointment and distrust of Proton's leadership and the bidding process overall.