Thursday, March 1, 2012

Proton - will we ever let it die in peace?

The Star, Thursday 1st March, 2012 - National carmaker Proton Holdings Bhd plunged deeper into the red with a net loss of RM88.2 mil for its third quarter (Q3) ended Dec 31, 2011, compared to RM68.1 million recorded in the previous corresponding quarter. Revenue declined to RM1.43 bil from RM1.83 bil previously.

Now this is getting old and tired. Just like the man who championed it. We never had a comparative advantage in making cars but we dived headlong into it, nonetheless. Power windows that don't work, cars that break down in the highway and clog up traffic, high import duties making better quality imported cars out of reach of most working class Malaysians and all manner of madness ensued. One man and his obsession with cars and his impossible dream overrode the wishes of ordinary folks for good quality affordable cars. Now after almost 3 decades of folly, pride still reigns supreme over common sense and honesty. Will someone tell the leaders of this country that there is a limit to madness and stupidity?

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