Proton is a failed, white elephant project, says Nazri Aziz
(Malaysia Outlook) – The national car maker, Proton is a failed, white elephant project, said Tourism and Culture minister, Mohamed Nazri Abdul Aziz.
He said the failure has caused the current government to bear the heavy burden and as for now, the government will no longer be able to back Proton, as reported by The NST Online.
“The project is a failure. They are asking us (government) for money. All the time, billions of ringgit.
“How can it (the project) be successful if every year, you keep coming back to the government for money,” he said in response to Mahathir Mohamad’s comments of Proton’s equity being sold to Chinese car manufacturer, Geely Automobile Holdings Ltd.
“This project to me is a white elephant project. We inherited it from him (Mahathir) and if it goes down, then he will blame us (saying) that we have failed.”
Nazri said selling off some of Proton’s equity could overcome the current losses that Proton is facing now.
