Dr Mahathir's stubborness among factors in non-competitive performance of Proton

Bernama
April 2, 2016 23:51 MYT
He described Dr Mahathir's resignation as the government's best chance to restore and save the national auto maker from further losses.
Former Proton Holdings Bhd (Proton) chairman Tun Dr Mahathir Mohamad's stubbornness was one of the factors which fuelled the local car manufacturer's non-competitive performance.
UMNO Information chief Tan Sri Annuar Musa said as such, it was difficult for the government to rectify the financial situation of the government-owned company, as the former prime minister refused to accept the opinion of others.
"If anyone in the company mooted different ideas from his (Dr Mahathir's) views, then that person will have problems," he told reporters after opening the Kuala Krau UMNO branch meeting here Saturday.
During Dr Mahathir's time, he said Proton had a number of transactions, including its cooperation with Group Lotus , which resulted in the company to be dragged into limbo.
Dr Mahathir resigned on Thursday as Proton chairman, chairman of Group Lotus , chancellor of Universiti Teknologi Petronas, and adviser to the Langkawi Development Authority and Tioman Island Development Authority.
READ: Dr Mahathir resigns as Proton chairman
READ: Dr Mahathir must take responsibility over Proton's , Rahman Dahlan says
said despite facing serious financial problems, Proton still could not avoid being shackled to Dr Mahathir's ideas.
He said Proton at one time, had conquered 70 of the domestic car it could only gain penetration rate of less than 30 per cent.
"It shows that Proton has been facing a huge financial crisis throughout Tun Dr Mahathir's many years' tenure as chairman. In fact, the government has spent huge amounts of money to make sure it can continue to operate," he said.
Therefore, he described Dr Mahathir's resignation as the government's best chance to restore and save the national auto maker from further losses.
He said the Proton management should be helped to manage the company in the best professional manner possible, including by arranging a new strategy to forge partnerships with automotive companies from other countries.
At the same time, Annuar said, an explanation should also be given to the people, including from Proton itself, to avoid misunderstanding over the issue.
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