Up to RM3bil needed to develop new models


PETALING JAYA: Proton Holdings Bhd is seeking up to RM3bil in development funding from the Government and Petroliam Nasional Bhd (Petronas).

However, the national car manufacturer – which has appointed Datuk Abdul Harith Abdullah as acting chief executive officer (CEO) to replace Datuk Lukman Ibrahim – has not been successful with its efforts thus far.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Proton , funding , development

   

Next In Business News

Oil prices edge up as investors eye US election fallout
Bank Negara to ensure stability amid global volatility, governor says
Nissan plans 9,000 job cuts, slashes annual profit outlook by 70%
PETRONAS signs MoUs to boost technology efficiency in E&P sector
KKB Engineering secures RM93mil contracts and purchase order
OCBC lead arranges maiden sukuk issuance of RM4bil for IHH Healthcare
EcoWorld Malaysia inks deal to acquire land in Selangor for RM742.4mil
Bank Negara international reserves fall to US$117.6bil
Gold hits over 3-week low as dollar gains on Trump win; Fed verdict looms
Wholesale and retail trade sales up 3.8% to RM148.2bil in September

Others Also Read