Proton Has No Preference On Strategic Partner
TANJUNG MALIM, April 7 (Bernama) -- Proton Holdings Bhd has no specific preference on the suitor for its strategic partner as discussions with foreign carmakers Volkswagen and General Motors are still ongoing.
Proton's managing director Datuk Syed Zainal Abidin Syed Mohamad Tahir said Prime Minister Datuk Seri Abdullah Ahmad Badawi was still looking at the Volkswagen and General Motors proposals in relation to Proton.
Syed Zainal said while the decision to name the strategic partner should be made quickly, this should not be done in a hasty manner as it involved the future of the country's automotive industry.
"I think all stakeholders understand the importance (of the strategic partner). We are working on the deadline but decision is not a simple matter. I think our stakeholders have been consulted and the main issue is that the government and the country's objectives should be met," he said after the launch of Miyazu Malaysia Sdn Bhd here today.
Asked when the decision to name the partner could be reached, Syed Zainal said the government would announce it at an appropriate time.
"Let's not press the government," he said.
The government had missed its self-imposed deadline of March 31 to announce the strategic partner for Proton.
Second Finance Minister Tan Sri Nor Mohamed Yakcop was quoted as saying that the government was still evaluating the strategic partner for Proton.
Syed Zainal, however, declined to reveal the "sticky issues" that were probably causing the delay in finding Proton's partner.
He also dismissed a suggestion that similar "sticky issues" had caused the negotiations with PSA Peugeot to collapse last month.
-- BERNAMA
Proton's managing director Datuk Syed Zainal Abidin Syed Mohamad Tahir said Prime Minister Datuk Seri Abdullah Ahmad Badawi was still looking at the Volkswagen and General Motors proposals in relation to Proton.
Syed Zainal said while the decision to name the strategic partner should be made quickly, this should not be done in a hasty manner as it involved the future of the country's automotive industry.
"I think all stakeholders understand the importance (of the strategic partner). We are working on the deadline but decision is not a simple matter. I think our stakeholders have been consulted and the main issue is that the government and the country's objectives should be met," he said after the launch of Miyazu Malaysia Sdn Bhd here today.
Asked when the decision to name the partner could be reached, Syed Zainal said the government would announce it at an appropriate time.
"Let's not press the government," he said.
The government had missed its self-imposed deadline of March 31 to announce the strategic partner for Proton.
Second Finance Minister Tan Sri Nor Mohamed Yakcop was quoted as saying that the government was still evaluating the strategic partner for Proton.
Syed Zainal, however, declined to reveal the "sticky issues" that were probably causing the delay in finding Proton's partner.
He also dismissed a suggestion that similar "sticky issues" had caused the negotiations with PSA Peugeot to collapse last month.
-- BERNAMA
posted by SEE FU at 9:58 AM
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