Today when i flip the newspaper i saw a news which is a dissapointment for all malaysian long awaited resultsVolkswagon pull out of partnership due to unfulfilled terms which aquisition of 51% share is impossible.So another very potential yet impulsive investor is chased away again.This time is to indonesia...
Despite of it’s fourth straight quarterly loss amounting to RM11.8 million (pre-tax) for the first three months of 2007.Proton yet to belieave that they can stand firm in the international market with the current technology and car manufacturered which we can see is dated back into the 90's technology
Proton has lost a total of RM619.9 million ringgit (pre-tax), compared to a net profit of RM46.7 million ringgit during the 2005 period. Revenue for 2006 dropped 37% to RM4.92 billion.
Proton quoted that this is because of weak sales, which plummetted 40% down from 183,824 units to 110,358 units.Can't agree more if we see from the prospective of proton sales yet if we see from UMW sales it is stagnant and yet a foreign car manucfacturer owns the malaysia market and still standing strong.What a shame.
Despite under protection for as long as 2 decade yet isn't enough time?You judge
Korean car maker used a decade to meet all the international standard.
Buckle up proton,produce car that can meet the local markets needs not the investors needs.
Get more oppinion from locals.
And how long can you stand with this kind of results?
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