At the end of last year, due to the financial crisis of the Malaysian domestic car brand, Baoteng, the government applied for a loan of 370 million US dollars. Among them, the Malaysian government has proposed a clause to instruct Proton to seek partners and open up the international market.
As soon as the news came out, many car manufacturers from the global auto industry expressed their intention to cooperate. Among them, the Chinese Geely Automobile with Volvo was the most active, and it was rumored that the internal high-level intentions directly purchased Proton. Malaysian local media speculated that Geely Automobile is taking advantage of the chassis technology of the subsidiary brand of Lotus.
In this regard, Malaysian Deputy Minister of International Trade and Industry Datuk Seri Ong Ka Chuan quickly jumped out to clarify: the government never intended to let domestic companies give up their management rights, we hope that Proton can cooperate with large brands in the global automotive industry. To help accelerate the growth of Proton.
Ong believes that by strategic cooperation with large foreign automakers, it will be able to significantly increase the productivity and competitiveness of the country's automakers, adding that Proton has the right to freely choose the partners that will bring the most benefits. The government will retain the foreign speech to Proton, and there is not much to repeat. We also look forward to your patience for the results. The government only hopes that with this cooperation, Proton can develop into a car manufacturer with the strength to produce high-quality domestic cars, and set a model for the international auto market, especially for emerging markets.
The local media said that in addition to China Geely Automobile, the French PSA Group is also very interested in the cooperation opportunities of Proton. Proton said it will issue an official statement in the middle of this year, which will include the final establishment of the partner and the merger plan of its various plants.
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