Tuesday, August 20, 2019

Will Mahathir persist in funding DreamEDGE to its END?


Ineos has spent RM236 mil. How much will DreamEdge?

British chemical engineer and billionaire, Jim Ratcliffe, made headlines when he attempted to buy the classic Land Rover Defender from Jaguar Land Rover (JLR) to continue producing it and making it more modern of course.
He also wanted to buy the name and production facilities so that his company Ineos could continue to build it. JLR management disagreed, so Ratcliffe decided to venture on his own with a brand new partnership with BMW for the engines.
Ineos Automotive, which was set up to build a brand new 4×4 vehicle dubbed ‘Projekt Grenadier’ in the UK last week reported a Euro 51 million (RM236 million) loss for its first 11 months in operation.
This was thanks to Euro 41.4 million of research and development costs and administrative expenses of Euro 8.8 million.
Looking at this huge multi-million expense in just 11 months, it does beg the question as to what kind of investment will go into the Malaysian third national car that DreamEdge is partnering with Daihatsu to produce. It is said the car might actually be an initial product of Toyota.
Does DreamEdge have available RM236 million? Plus, are they ready to start this product for the first year?
Will it need taxpayer funds to keep moving forward?


  1. No two way about it. Get ready to bleed taxpayers money.!!

  2. Daihatsu is 100% owned by Toyota so don’t be surprised if our new national car is an older model Toyota Prius hybrid.

    Just like our first Proton looked suspiciously like the Mitsubishi Lancer.

    The British company Dyson has invested billions in Singapore and their first fully electric car will be launched in 2021. Round about the same time.

    Toonsie is so very worried the kiasu Singaporeans will beat us to it again. Actually Toonsie is more kiasu than them...ha ha ha.

    Dyson Will Build New Electric Vehicle In Singapore, Starting In 2021

    Sebastian Blanco
    Oct 23, 2018

    Dyson has been tinkering with the idea of an electric vehicle since 2017, with a specific focus on improving battery technology. Today, the company best known for making vacuum cleaners announced it would produce the EV in Singapore and that the vehicle is on track for a launch in 2021.

    Dyson’s plant is supposed to be finished in 2020, part of the company’s $3.2 billion global investment in “new technology.” It will be Dyson’s first advanced automotive manufacturing facility in the world. Construction will start in December.

  3. Toonsie is very sore James Dyson, one of the richest persons from UK, plonked his money in that little red dot instead of Malaysia. Just this year alone James Dyson spent USD87 million on two residential properties there. This is just for his family to live in, not the car factory, that would be billions.

    We should be giving instant PR or citizenship to these kinds of people, rather than Zakar Naik....

    James Dyson Buys Second Singapore Pad As Billionaire Beds Down For Electric Car Push

    David Dawkins Forbes
    July 26, 2019

    Billionaire Sir James Dyson is set to splash out again on a second luxury property in Singapore just weeks after spending a reported $54.24 million on the city-state’s most expensive penthouse.

    Dyson, known for his bagless vacuum cleaners, has spent a reported $33 million on a weekend pad overlooking the famous Singapore Botanic Gardens, according to The Straits Times newspaper.

    The home features an infinity pool and an indoor waterfall and comes just weeks after he snapped up the city-state’s priciest penthouse– a 21,000-square-foot penthouse on the 62nd to 64th floor of Guoco Tower boasting five bedrooms, a private swimming pool, cabana, jacuzzi room, a private bar and panoramic city views.

    The large bungalow boasts of ″commanding views″ over the Singapore Botanic Gardens.

    The large bungalow boasts of “commanding views” over the Singapore Botanic Gardens.

    Dyson’s decision to relocate to Singapore to oversee the production of his new electric car venture was controversial in his native U.K. Dyson said his decision was based on the availability of engineering talent and the city’s proximity to its target markets, namely China.