So DRB-Hicom, a organisation which brings in VW, among alternative models, will be receiving over inhabitant automobile Proton Holdings. Their shares have been suspended from this morning. Expect a announcement during a finish of today to place a price of acquisition during anywhere in between RM3 billion as well as RM3.4 billion.
With this, Khazanah Nasional gets to travel away from something it has pronounced it didn't want to meddle with in a initial place as well as DRB-Hicom gets to enhance its automotive empire. Proton? The inhabitant automobile gets an additional possibility it deserves. The bad news is, this will be its last chance. If DRB-Hicom fails to do whatever it says it can for a inhabitant automobile in its proposal, Proton is forever doomed. So will Malaysia's 30-year dream of becoming an automobile powerhouse of a region.
Personally, you was not in favor of a suspicion of any of a bidders getting a shot during Proton. The alternative bidders, especially Naza, have been able of receiving over Proton as well. you had long chats with Big Dog [read his Driving a Industry Forward, Jan 15] about this. you felt you should commission a comprehensive inhabitant study to settle a way forward for a inhabitant automobile prior to anyone gets a possibility to take ove! r, IF an yone gets which possibility during all.
We should sense from Malaysia Airlines. From a world-class airline which was being compared with SIA during a single time, MAS has declined to a category even reduce than Air Asia. Why? For years, commercial operation was conducted without correct study or even discussion with stakeholders, as well as things happened as if MAS was only an additional association as well as not a inhabitant airline.
But right away which it's done, a inhabitant burden lies squarely upon a shoulders of Mohd Khamil Jami, a managing director of DRB-Hicom, a man credited to have turned around a association in to a hulk which it is today. A lot of people will be watching closely right away ...
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