Thursday, March 6, 2014

Proton looking for RM 3 billion funding (about 1/2 billion pounds)

The Malaysian paper The Star has a couple af articles about Proton asking the Malaysian Government and the Malaysian national oil company Petronas for funding to develop new products.
http://www.thestar.com.my/Business/Business-News/2014/03/05/Up-to-RM3bil-needed-to-develop-new-models-including-electric-car/
It makes interesting reading.

I have on many occasions approached both companies Proton (owned by DRB Hicom) and Petronas for help in making my proposal a reality.

Up until now it has not materialised.

I think that now DRB Hicom have publicly stated that they intend to make 'Education' (ICAM) a core business, Petronas already has a fully fledge University under its ownership, and both have multiple Motorsport divisions and in the case of Petronas sponsorship of Mercedes F1 team. the official title of Mercedes is Mercedes AMG Petronas F1 Team.





Lotus, the car company based in the UK are owned by DRB Hicom. Westfield cars have a development and sales agreement with DRB Hicom. Proton has a Motorsport team R3 and Proton also support an international Rally team.

Whilst Petronas may feel that funding for product development should come directly from the Government, it may be open to an educational partnership based around Motorsports.

Proton (DRB Hicom) obviously talks to Petronas.

How about looking at my proposal? I'm sure both parties would have much to gain!

Both are looking having a global presence. Both are looking to make 'Education' one of their core businesses. Both have Motorsport as part of their businesses.

On a personal note... It would be nice if they could find a position for me in their business plan.

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