During a recent social media broadcast, prime minister Datuk Seri Najib Tun Razak said the government would ensure the continued survival of national carmaker Proton.
At the 25 minutes 15 seconds mark of the near hour-long video, he told a gathered crowd, “that which we have to save, we will save. Too big to fail. Proton is too big to fail because the ecosystem is large. We will make sure Proton survives, but we will restructure it to make Proton competitive.”
“If you sell 70,000 cars, you cannot survive, ladies and gentlemen, you cannot survive. 70,000 cars, how is it possible? But it’s too big to fail. So, we support. We provide money. How much? RM1.5 billion? I think about RM2, almost RM3 billion injected into Proton. Must. Failure privatisation in those days, we rescue,” he ended.
Last year, Proton entered into a strategic partnership with Zhejiang Geely (ZGH), with the Chinese company set to acquire a 49.9% stake in the national carmaker. We’ve detailed what’s in store for all parties involved, including DRB-Hicom, in a separate post previously.
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AI-generated Summary ✨
Comments mostly express concern about Proton's future, with some believing it is too big to fail due to its large ecosystem, while others think it is a failure and should close. Several point out the importance of government support, brand quality, and management changes, especially under Geely. There is frustration over past management, trust issues, and high car prices, but optimism that new leadership and restructuring could improve Proton's prospects. Sentiments are mixed but generally focused on Proton’s viability and strategic direction.