rocky's bru

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Electric-uting Proton Posted: 02 Oct 2012 08:11 PM PDT Lotus electric car.  Blogger JMD must be happy that PM and Minister of Finance Najib Razak did not allocate in his Budget 2013 any money for Proton to pursue the development of electric vehicles for commercial use by 2014. Arguing against it in Proton and its hybrid misadventures, Jebat says the cost of the EV dream has outweighed the benefit. After the takeover of Proton from Khazanah Nasional last May, Proton is now under the ownership of DRB Hicom. Why would the government pump more money to a privately owned company where the ultimate owner is already cash rich and could definitely stand on its own two feet? The purpose of Proton shares being sold was to limit its dependence from the government.  JMD's posting was in response to a statement made last Thursday by a senior Cabinet Minister who said RM120 million could be allocated to Proton to complete it's EV project. Before the DRB takeover, the government had already given Proton RM370 million to do the EV. It's hard to disagree with Jebat. In 1996, Proton bought over Lotus to tap into its technological prowess.  The British car maker has been developing the Lotus EVs with Tesla Motors long before Proton embarked on its current adventure. Some people are wondering why the national car needed to reinvent the wheel. Why not just take from Lotus, which is Proton's, anyway?

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