Nov 09 2006
Latest financial breaking news : The government of Malaysia is believed to have finally decided on giving foreign parties 51% control in the manufacturing operations of Proton Holdings Bhd, with German carmaker Volkswagen AG being mentioned as a potential partner.
According to the source, the government is agreeable to a model similar to second national carmaker Perusahaan Otomobil Kedua Sdn Bhd (Perodua) and its principal Daihatsu Motor Co Ltd of Japan.
With the business model agreed, Proton’s domain will be in domestic distribution arm while the manufacturing arm will be headed by the foreign partner, which will bring in technical expertise and help expand Proton’s production for export.
Parts and component makers that supply to Proton have been suffering because of Proton’s declining production volume with huge stockpiles of unsold inventories.
Proton’s stock price soared more than 11% or 54 sen to RM5.20 (8-Nov-2006) after talk resurfaced of a possible takeover.
If indeed this takes off, will there be more of similar partnership in place to revitalise ill and suffering company such as MAS ? I think it’s time for the government to put aside political concern in order to ensure bail-out is the last thing we’re going to hear since 1997 economic crisis. It would bring more harms to maintain loss-making company just because we can’t accept foreign’s management when we ourselves do not have the skills-sets.
Japanese are a proud lot people on earth. But they needed Carlos Ghosn, a Brazilian who is hailed as one of the greatest managers of the 20th century, for having masterminded the astonishing turnaround of Nissan (the troubled Japanese carmaker). His achievement has been considered extraordinary for 3 main reasons.One, Ghosn was the first foreigner to be the CEO of a Japanese company of the size and stature of Nissan. Two, not only did he turn the finances and performance of the company around, he did so very quickly. Three, and most importantly, he did not just rescue Nissan from bankruptcy – he transformed Nissan into one of the most profitable & admirable automobile manufacturers in the world.
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November 9th, 2006 by financetwitter
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Hey fellow bloggers,
Thanks for the fresh info and pics. I am also a car enthusiast and I tried to materialize that by putting together a collection of info and car photos on all the most important brands. While I covered manufacturers such as BMW or Audi, I am also focusing on smaller or less famous companies.
Daihatsu is one of them. They’re not the most impressive brand name in the car manufacturer’s world, but they do come up with some nice models. Here they are:
Daihatsu Applause
Daihatsu Charmant
Daihatsu Cuore
Daihatsu FourTrak
Daihatsu Hijet
Daihatsu Rocky
Daihatsu Sirion
Daihatsu YRV
Daihatsu Charade
Daihatsu Copen
Daihatsu Terios
If you’d like to contribute with photos or resources, please let me know.
Enjoy your day!
Michael R.
Webmaster, All car photos