Here is the latest official press release from PROTON. This first made by the newly appointed CEO, Dato' Ahmad Fuaad Kenali. This is regarding the Government of Malaysia's approving a RM1.5billion soft loan to pay their vendors and suppliers (with the usual terms and conditions obviously).
However, it is a good thing that would uplift the spirits of the group. I believe Proton is very necessary as it is the only company in the South East Asian region that has the research and development capability to build a car from scratch and comply with all the safety regulations globally. Perodua still cannot do so. I should know as I have met people within the industry and they tell me so.
