The federal government of Najib Razak can not hit the $ 375 million package to support Proton.
Political feud between Mahathir Mohamad, chairman carmaker Proton, Malaysia's former prime minister to prime minister Datuk Seri Najib Razak directly affect grants 1.5 billion ringgit (375 million dollars), the government intended to save Proton is inside the danger zone, the Straits Times said.
State-owned car manufacturers had difficulty last 4 years more than 626 million loss, so should be pumping money from the government's reserve fund.
But until now this money can hardly be implemented, whether the project is dedicated Proton since its establishment in 1983 by Mahathir Mohamad.
Mahathir, 90, Malaysia believes that carmakers will have a bright future and a government subsidy for investment in research and development of new engines will help Proton back to life, but a lot of people, including government officials do not feel confident.
"Even if Proton receive subsidies does not necessarily solve the difficult moment", a financial consultant familiar Proton and the government said.
Workers and components suppliers are facing difficulties from the plight of automakers, fearing that "buffalo fights, dead flies", became the scapegoat for political dissent.
Proton has 10,000 employees and system suppliers with around 30,000 employees. Most employees spend huge respect for Mahathir, hence his responsibility is growing, a senior expert at the Proton said.
Tensions escalated when the government recently removed his name from the list Mahathir at Petronas adviser.
The government can not in Proton Mahathir sacked because it was owned by DRB-Hicom. However, DRB-Hicom will depend heavily on government business be awarded. Mahathir now hold more harm.
Proton has not announced the latest financial situation, but the auto industry analysts said it is losing about $ 25 million per month for outstanding interest and capital in the production of unsold vehicles, about 30,000 vehicles, ie equivalent to about 3 months of inventory, sales generated in 2015 is 102 175 vehicles.
Political feud between Mahathir Mohamad, chairman carmaker Proton, Malaysia's former prime minister to prime minister Datuk Seri Najib Razak directly affect grants 1.5 billion ringgit (375 million dollars), the government intended to save Proton is inside the danger zone, the Straits Times said.
State-owned car manufacturers had difficulty last 4 years more than 626 million loss, so should be pumping money from the government's reserve fund.
But until now this money can hardly be implemented, whether the project is dedicated Proton since its establishment in 1983 by Mahathir Mohamad.
Mr. Mahathir Mohamad (long sleeves) in Proton launch Suprima S.
Mahathir, 90, Malaysia believes that carmakers will have a bright future and a government subsidy for investment in research and development of new engines will help Proton back to life, but a lot of people, including government officials do not feel confident.
"Even if Proton receive subsidies does not necessarily solve the difficult moment", a financial consultant familiar Proton and the government said.
Workers and components suppliers are facing difficulties from the plight of automakers, fearing that "buffalo fights, dead flies", became the scapegoat for political dissent.
Proton has 10,000 employees and system suppliers with around 30,000 employees. Most employees spend huge respect for Mahathir, hence his responsibility is growing, a senior expert at the Proton said.
Tensions escalated when the government recently removed his name from the list Mahathir at Petronas adviser.
The government can not in Proton Mahathir sacked because it was owned by DRB-Hicom. However, DRB-Hicom will depend heavily on government business be awarded. Mahathir now hold more harm.
Proton has not announced the latest financial situation, but the auto industry analysts said it is losing about $ 25 million per month for outstanding interest and capital in the production of unsold vehicles, about 30,000 vehicles, ie equivalent to about 3 months of inventory, sales generated in 2015 is 102 175 vehicles.
Duc Huy
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