Pet projects gone awry
It’s time we acknowledge that local automotive manufacturers will not make any serious headway if we continue to give them special treatment.
…It is ironic that consumers in arguably the largest car market in Asean pay through their nose when they buy cars.It is ridiculous to the extreme. Why do I say [...]
Malaysia’s national carmaker Proton needs a strategic partner to be competitive and penetrate global markets, the government’s investment arm, Khazanah, said on Friday.
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Khazanah’s managing director Azman Mokhtar said although Proton’s domestic operations had improved with the introduction of new models, an alliance with a major company would help expand its sales in other countries.
‘In terms [...]
For the fourth quarter ended March 31, the national carmaker reported a net profit of RM236.4mil, mainly attributed to higher sales of its popular models, operational improvements and a research and development (R&D) grant from the Government under the National Automotive Policy.
For the full year, the company made a net profit of RM202.9mil, or [...]
Proton Holdings Bhd., the state-owned Malaysian carmaker that scrapped alliance talks with Volkswagen AG, said fourth-quarter profit rose after it booked income from a government fund to help make new models.
Net income in the three months ended March 31 jumped to 236.4 million ringgit ($73 million), or 43 sen a share, from 915,000 [...]
In the domestic market, Syed Zainal said the launch of a new sedan in January will help Proton snatch back the No.1 position from local rival Perodua.
“I am confident. I think we should be able to regain the No.1 position,” he said.
Asked if the company will be able to turn a profit for its [...]
Shares of Malaysian state-controlled car-maker Proton slid to a near-seven-year low on Wednesday after the government ended talks with Germany’s Volkswagen over a possible alliance.
The government had been talking with Volkswagen on-and-off since 2004 about an alliance, fuelling hopes among investors that Volkswagen would transform the loss-making firm and take it global, just as [...]
CIMB Investment Bank said Monday it is keeping its “underperform” rating on Malaysia’s national car maker Proton Holdings Bhd pending the formalisation of a partnership agreement between Proton and Germany’s Volkswagen AG (VW).
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The business weekly said VW is seeking management control and will require the government to underwrite any losses at Proton for at [...]
Malaysian national car maker Proton Holdings Bhd reported its net loss narrowed to 46.75 million ringgit for the first quarter to June from 58.65 million ringgit a year earlier despite a drop in revenue.
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But Syed Zainal said the smaller loss is a positive indication of the company’s future financial performance as it reflects [...]
“The Koreans started manufacturing cars only a few years ahead of Malaysians and still nobody can claim that Proton is anywhere close to becoming internationally competitive.
Source: The Sun
Read:
Proton launches latest 2007 car, little change from 2004 model
Syed Zainal said Proton has not been sleeping
Proton’s Syed Zainal says Proton will not collapse without strategic alliance partner
Proton [...]
2007
2004
Proton launches latest pride
Read:
Syed Zainal said Proton has not been sleeping
Proton’s Syed Zainal says Proton will not collapse without strategic alliance partner
Proton asks Government for money to pay off closing dealers
Syed Zainal, all talk, no results
Proton, a cosseted carmaker, turning out mediocre products
Proton Saga
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