fbpx
Connect with us

News

Minister: Proton Is A Failed Project, Keeps Asking Billions From Government

Published

Minister: Proton Is A Failed Project For Asking Billions From Government - World Of Buzz 1

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Let’s face it, Proton hasn’t been doing well in recent years in comparison with its rival, Perodua. But our government thinks that it carries the pride of our nation and so it must be kept going. Just like MAS…

Source: astro awani

While other ministers are keeping mum on this issue, the Tourism and Culture Minister, Datuk Seri Mohamed Nazri Abdul Aziz decided to speak up.

0004 Nazri

Source: din merican

He blatantly described Proton as a failed, white elephant project and a burden to the government, NST reported.

“The project is a failure. They are asking us (government) for money, billions of ringgit, all the time,” Nazri said. 

“How can it (the project) be successful if every year, you keep coming back to the government for money?” he added.

This criticism was sparked by the recent issue of Proton’s equity being sold to Chinese car manufacturer, Geely automobile Holdings Ltd. And clearly Mahathir wasn’t too happy about it as Proton was his brainchild.

“Proton is a national car. If we allow other companies to use our facilities to produce their cars, we will bear the losses,” the former prime minister said.

“We worry that they (local companies) will be cut off as suppliers and their businesses will fold and then we will see a drop in the number of local automotive engineering companies,” Mahathir added. 

However, Nazri begged to differ.

He said:

“This project to me is a white elephant project. We inherited it from him (Tun M) and if it goes down, then he will blame us (saying) that we have failed.”

Proton is bleeding profusely and the only way to stop the bleeding and reduce the burden to the government is to sell off some of the Proton’s equity.

“We have to find ways on how to save this and with the Chinese company taking up some equities, I think it’s a good deal. We had to carry his burden and we simply cannot afford to support this company anymore,” Nazri commented.

Geely is a Chinese car manufacturer which rolled out their first ever car in 1998. It has since advanced rather quickly and even purchased Volvo Cars from Ford in 2010, as well as the London Taxi Company. And soon, it’ll be Proton’s turn.

Malaysian netizens who read about the news gave their two cents on this hot topic.

A netizen, Fei Siang, said:

“How can it be successful when the cronies are running the show behind the scene? Despite Proton is no longer a GLC, but there are still invisible hands pulling the strings like a Marionette.”

Another netizen, Yusop Ibrahim, commented:

“I agreed with Nazri. He is talking facts. Those top-level management people in Proton must be innovative when going through challenging times in the automotive world. We have done so by bringing in foreign executives for MAS. Now we should do the same for Proton.”

Proton created millions of job opportunities for fellow Malaysians, but can the good outweigh the bad in this case? I’ll let you guys be the judge of it.

Also read: Uber And Grab Gets Approval By Government Because Taxis Have Been Cheating Tourist’ Money

Uber And Grabcar Given Green Light By Government Because Taxis Have Cheated On Tourists' Money - World Of Buzz

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage 17 2 Collage 17 2
News1 hour ago

“It only shows how obsessed & envious you are” – Mufti Comments on Excessive Boycott Movements

Have some of us gone too far with boycotts, regardless of the brandings? While boycotters have their reasons to do...

Feat Image Bangkok 20 Baht Feat Image Bangkok 20 Baht
News2 hours ago

All Rail Lines in Bangkok Will Have a Fare Cap of RM2.60, One Ticket Can be Used Across All Routes

The Transport Ministry of Thailand has reiterated that it will continue with its plans of a THB20 or RM2.60 fare...

My Post 1 2024 04 19T115737.183 My Post 1 2024 04 19T115737.183
News4 hours ago

M’sian Political Party Invites Workers to March on Labour Day to Urge Govt to Raise Minimum Wage to RM2K

With Labour Day (which is meant to honour and celebrate workers and the importance of their contributions to their country...

Collage 21 Collage 21
News23 hours ago

“Change work hours or location” – Steven Sim Reminds M’sians About Availability of Flexible Working Hours

Flexible working arrangements help balance work and personal life. Since the start of the Covid-19 pandemic, Malaysia has taken steps...

Collage 14 3 Collage 14 3
News24 hours ago

“Better work-life harmony” – Employees in SG Can Now Apply to WFH & Have a 4-Day Work Week

Work from home. Those who have the flexibility to work at the desk from the comfort of their own homes...

Feat Image Mistress Feat Image Mistress
News1 day ago

“Unique needs, desires” – High Court Says Agreements for M’sian Husbands to Have Mistress are Legal

The Kuala Lumpur High Court has ruled that as long as there is “no violation of any law”, non-Muslim married...

Feat Image Najib House Arrest Feat Image Najib House Arrest
News1 day ago

“Can’t Raya with his family” – ‘Very Cruel’ Govt Blocked Najib’s House Arrest Order, Claims His FB Admin

Jailed former Prime Minister Datuk Seri Najib Razak is in the news again recently after he initiated a judicial review...

My Post 3 2024 04 18T125123.986 My Post 3 2024 04 18T125123.986
News1 day ago

Flights to Sabah & Sarawak Cancelled Due to Horrifying Volcanic Eruption in Indonesia

Horrifying footage has surfaced online, of the Mount Ruang volcano erupting in the North Sulawesi Province of Indonesia. Many have...

Announcement

Latest Videos



TRENDING TODAY