Najib: Proton facing RM1bil losses if not for Geely deal

FRIDAY, MAY 19 KUALA LUMPUR- Deputy Prime Minister Dr Ahmad Zahid Hamidi delivers speech at university programme with Deputy Prime Minister at Tuanku Chancellor Hall, Universiti Teknologi Mara (UiTM) Shah Alam at 0945 (0145 GMT) KUALA LUMPUR- Release of Malaysia's 1st Quarter 2017 GDP at 1200 (0400 GMT) KUALA LUMPUR- Prime Minister Najib Razak(pic) launches the "UMNO Bantu Rakyat" programme (Malaysia UMNO Welfare Bureau) at Sekolah Kebangsaan Taman Kosas, Ampang at 2030 (1230 GMT)

SEREMBAN: Proton Holdings would have registered losses of up to RM1bil this year if the Government had blocked its part sale to Chinese car maker Zheijiang Geely Holdings.  

Prime Minister Datuk Seri Najib Razak said the Government could no longer use the rakyat's money to help Proton as it had been doing previously due to the continued losses registered by Proton.