LONDON: Still championing his cause for a third national car project, Prime Minister Tun Dr Mahathir Mohamad rubbished claims that Proton was a failure.
At a dialogue session with about 200 Malaysians in the United Kingdom, he argued that the first national carmaker had achieved much success under good management, according to Bernama.
He said Proton had accumulated RM4bil in reserves and built a plant in Tanjung Malim with its own money without asking for government assistance or borrowing from the bank.
According to him, Proton had been a success until foreign cars were allowed to enter the country unrestricted, with conditions imposed on the sale of Malaysian cars in other countries.
“It was all about importing their cars, not exporting ours. Of course, if you don’t export your cars, you don’t earn foreign exchange.
“If you keep buying foreign cars, you will lose a lot of money every year,” he was quoted as saying by the national news agency.
At the 24th Nikkei Conference on the Future of Asia in June, Dr Mahathir revealed that his government was planning to work on a new national car project.
However, many Malaysians did not respond positively to the suggestion, asking instead that the public transport system be improved.
In the London dialogue session, the prime minister continued to champion the third national car project, but reiterated that the government will have to ask the private sector to implement it as Putrajaya does not have enough money.
At a dialogue session with about 200 Malaysians in the United Kingdom, he argued that the first national carmaker had achieved much success under good management, according to Bernama.
He said Proton had accumulated RM4bil in reserves and built a plant in Tanjung Malim with its own money without asking for government assistance or borrowing from the bank.
According to him, Proton had been a success until foreign cars were allowed to enter the country unrestricted, with conditions imposed on the sale of Malaysian cars in other countries.
“It was all about importing their cars, not exporting ours. Of course, if you don’t export your cars, you don’t earn foreign exchange.
“If you keep buying foreign cars, you will lose a lot of money every year,” he was quoted as saying by the national news agency.
At the 24th Nikkei Conference on the Future of Asia in June, Dr Mahathir revealed that his government was planning to work on a new national car project.
However, many Malaysians did not respond positively to the suggestion, asking instead that the public transport system be improved.
In the London dialogue session, the prime minister continued to champion the third national car project, but reiterated that the government will have to ask the private sector to implement it as Putrajaya does not have enough money.
The old man just got Checked and Balanced by Guanee, who was quoted earlier as saying no public money would be spent on any national car. The last para says it all.
ReplyDeleteI’m Lovin’ It.