Monday, November 2, 2009

THE PROTON SAGA


As posted by Dr. Mahathir Mohamad at Che Det on October 30, 2009 1:02 PM

1. Proton is gradually returning to profitability. I notice that the new Proton Saga is often seen on the streets of Kuala Lumpur. I know that a new car would not be noticed on the road until a certain volume of sales is achieved.

2. Other Proton models are also more frequently seen - a sign of good sales. Before this the new cars most often seen were from the Perodua stables.

3. Since Proton acquired a new chairman in the person of Datuk Nadzmi Salleh, I find it easier to perform the work of Proton adviser. The Prime Minister has also indicated that Proton affairs should be referred to me. Accordingly I have been busy on a plan to resuscitate the company. I have been talking to potential technology partners for Proton.

4. Lately I had been disturbed by media reports that Proton is to be sold to certain parties. This talk has agitated the staff of Proton. They know of cases where after a new investor took over a company, senior staff had been laid off. Their worry over this matter affects their performance. This is bad at a time when they are trying to contribute to Proton's recovery.

5. I have told the Chairman and the Chief Executive Officer that Proton is not for sale, but I think I should assure the senior staff and the workers that there is no plan to sell Proton in the foreseeable future. The need is to restructure the company and reach agreement with the potential partner, After that work has to be done to ensure Proton fully recovers.

6. I agree with the headline in a certain tabloid for everyone to leave Proton alone. If Proton staff is assured of this I feel sure we would be able to put Proton firmly on its feet.