Proton Holdings Bhd is asking the Malaysian government for an extra 16 million ringgit ($4.6 million) to encourage about 20% of its car dealers to close their businesses. Proton already has received MR10 million ($2.9 million) to fund the voluntary scheme, but some dealers are rejecting the plan, saying the MR150,000 ($44,000) in relief assistance is not enough. They argue they have spent a minimum of MR200,000 ($58,700) to set up their operations. The Malaysian Star newspaper quotes ...
Premium Content (PAID Subscription Required)
"Proton Seeks More Funds in Dealer Relief Assistance" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.