From MMO via M2Day (extracts):
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The deal between Proton parent DRB-Hicom and Geely was announced yesterday, with Second Finance Minister Datuk Seri Johari Abdul Ghani saying that Proton would remain a national car because Proton would still have a majority hold of 50.1 per cent.
International newswire Reuters reported that Geely was expected to offer Proton some vehicle technologies in order to grow its sales overseas and to recover some of the global presence Proton had lost in recent years.
Proton reportedly dominated the domestic market by 74 per cent in 1993 at its peak, but saw its market share dwindle to around 15 per cent currently due to low-quality cars, poor after-sales service and tough competition from foreign automakers.
Dr Mahathir said he was certain that Proton would now be sold all over the world.
“It will be like Singapore. Malaysians are proud of this great city-state. If it had not been sold it would be, perhaps, as well developed as Kuala Kedah or Kuala Perlis. Then we cannot be proud of Singapore,” he said.
“Now we can be proud of Proton. With money and superior technology it will compete with Rolls Royce and Bentley. But I cannot be proud of its success. I cannot be proud of the success of something that does not belong to me or my country. Maybe other Malaysians will, but not me,” added the 91-year-old.
Why can't Maddy be proud of Proton (still 50.1% owned by Malaysia) if it becomes successful around the world?
Aiyoyo, such is his conceit and selfishness that he only wants Proton to be successful if he himself runs it.
International newswire Reuters reported that Geely was expected to offer Proton some vehicle technologies in order to grow its sales overseas and to recover some of the global presence Proton had lost in recent years.
Proton reportedly dominated the domestic market by 74 per cent in 1993 at its peak, but saw its market share dwindle to around 15 per cent currently due to low-quality cars, poor after-sales service and tough competition from foreign automakers.
Dr Mahathir said he was certain that Proton would now be sold all over the world.
“It will be like Singapore. Malaysians are proud of this great city-state. If it had not been sold it would be, perhaps, as well developed as Kuala Kedah or Kuala Perlis. Then we cannot be proud of Singapore,” he said.
“Now we can be proud of Proton. With money and superior technology it will compete with Rolls Royce and Bentley. But I cannot be proud of its success. I cannot be proud of the success of something that does not belong to me or my country. Maybe other Malaysians will, but not me,” added the 91-year-old.
Why can't Maddy be proud of Proton (still 50.1% owned by Malaysia) if it becomes successful around the world?
Aiyoyo, such is his conceit and selfishness that he only wants Proton to be successful if he himself runs it.
But then he ruined his many projects, Proton, Perwaja, Maminco, Forex, etc.
Really, Proton is now better without his Minus (not Midas) touch.
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P/S - he inadvertently showed his jealousy of Singapore's progress, wealth and developments