PETALING JAYA - Former Malaysian premier Mahathir Mohamad has slammed the acquisition of a 49.9 per cent stake in Proton by Chinese carmaker Zheijiang Geely Automotive from Malaysian conglomerate DRB-Hicom.
In a blog post on chedet.cc on Thursday (May 25), the former Proton Holdings chairman said that the acquisition was akin to him "losing a child".
"Proton has been sold. It has been sold to foreigners. Yes. I am sad. I can cry. But the deed is done. Proton can no longer be national. No national car now. We Malaysians are glad to be rid of this pesky car," Tun Dr Mahathir wrote.
"I am sure Proton will do well. It will be a commercial success. It will be sold all over the world. The Proton name will be everywhere," Dr Mahathir, who is now the chairman of the opposition Parti Pribumi Bersatu Malaysia (Pribumi) party wrote sarcastically.