Proton posts $182US million Q2 loss
GM and Ford aren't the only two automakers struggling with huge losses this quarter. Malaysian automaker Proton is reportedly about to announce a second quarter loss of RM700 million (Malaysian Ringgit), or $182US million. The loss this quarter follows a Q1 loss of RM12.4 million and is mainly due to losses from Italian motorcycle manufacturer MV Agusta, which is an overseas subsidiary of Proton. To Proton's credit the company had warned of additional heavy losses after its Q1 earnings were announced and this quarter's huge hit is an effort by the company to clean up its books for an upcoming partnership with a foreign automaker, presumably Volkswagen, with whom talks have been ongoing for some time. Ironically the report from the Business Times notes that Proton's unit sales were excellent last quarter.












Reader Comments (Page 1 of 1)
Joel A 11:07PM (12/18/2005)
Thanks for posting this article. I have friends who live in Malaysia whom I referred to Autoblog. They like the site but, except for some few posts published early in the site's history, have seen little about their domestic industry.
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number six 11:07PM (12/18/2005)
Ironic that Volkswagen is going to "get into bed" with Proton, a company based in a nation who's "esteemed" leader essentially called the United States, the idea of Democracy and (essentially) everything except his particular brand of Islam, the epitomy of evil.
Of course, it kind of sort of makes sense since Volkswagen itself was a company started by the ultimate evil man of the last century - a certain Adolph Hitler.
The "euro-Germans" of today aren't bright enough to realize who they are dealing with again..... but that could be said for many of the PC crowd in our own country, Europe and much of the world, all of whom need to pull their heads out of their asses so they can see.
Let's put it this way. Who was doing the burning of vehicles, destruction and looting in France, England, Denmark, Belgium AND Germany just recently, and who was responsible for the destruction of the Twin Towers on 9/11, not to mention thousands of atrocities over the last four decades?
Was it -
1) Muslim Islamofascists
2) Catholic nuns
3) South Korean Presbyterians
4) Animists or Christians from Sudan
5) Shintos from Japan
or
6) Mennonites from Indiana?
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seaotter 11:07PM (12/18/2005)
sigh....
as a malaysian, i just want to say that i am offended by your statement number six.
as a muslim, i just want to say i am offended by your statement
i know this is not the forum to involve world politics, but unfortunately, you are stereotyping everyone.
does the work of a few reflects the whole nation/culture? it is unfair to say that because some of the radical people did, you want to label the rest of us "bad"?
and do we need to be imposed the same brand of values that may work in your country, but not ours? every nation is unique, so a formula in one place doesnt mean that it will work in another place.
I have always wondered why proton bought Agusta in the first place. and i do hope that the talks with Volkswagen will go through.
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Geotpf 11:07PM (12/18/2005)
seaotter-Try to ignore the trolls like number six (which seem to be in great numbers around these parts of late).
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tariq 11:07PM (12/18/2005)
#2
the answer to ur question is:-
7)none of the above
9/11 was the result of some ppl THINKING they are muslims but they are actually not because wot they believe in, and wot they do is against Islam.
And right now the root cause of terrorism is the united states itself(their foreign policy).
And tht comment on mahatir "who's "esteemed" leader essentially called the United States, the idea of Democracy and (essentially) everything except his particular brand of Islam, the epitomy of evil"
-evil is not the u.s but its foreign policy.
-malaysia has democracy(current PM Baddawi won by 90% of votes)
-mahatir himself ruled for some 20 years but was not a dictator as u would like to believe, he was elected many times
And heres my question:-
Soldiers from which nation are sick enough to abuse prisoners and violate international rules?
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sk 11:07PM (12/18/2005)
number six you're a f#$%ing moron. Go and post your crappy comment on some political blog. I don't give a sh#$ about our opinion. by-by.
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Drew 11:07PM (12/18/2005)
I think Proton would be a good addition to the VW group of companies. Now that Seat and Skoda are slowly moving upmarket thanks to the VW corporate strategy, they need another brand at the entry level that would allow for additional sales in Asia using parts commonality with current lower-end VW products.
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