PROTON, PROTON

Here we go again, another failure at Proton costing some more money. In this latest case, it is with a Chinese company to produce cars in China. This was a JV deal, where proton setup a company in China, probably an office, hired people and spent some money. Their partner was supposed to facilitate their business in China, something like in Malaysia lah, where you need a local company with 'connections'.

It turned out that this local Chinese company couldn't get shit out of the Chinese government much less permission to produce cars in China.

It seems Proton loves to waste money on JVs which it has no idea what it is doing. This reminds me of the other projects that they've fucked up such as the one with VW and MV Agusta. The VW deal really cheesed me off as I was looking forward to a national priced VW but no, Proton had to have a swollen head and insist on controlling the JV when they only had 49% compared to VW's 51%.

Actually, where is the sense in that? "I'll let you take 51% but I have the final say.". Fuck off! That's what people will tell you. See where VW went? They setup in Indonesia, now Indonesians that we abuse here will be able to get jobs at the VW plant there and drive around in world class technology at affordable prices. Thanks Proton.

AlvinK