‘Third car project must not go the same way as Proton’

PETALING JAYA: Finance Minister Lim Guan Eng must provide additional guarantees – in black and white – because it is not enough to merely assure the public that the proposed third national car will only involve private funds and not government investment, says MCA.

Party deputy president Datuk Seri Dr Wee Ka Siong pointed out that although Proton was completely privately owned in 2016, the government had no choice but to bail it out with a RM1.5bil soft loan.