Third National Car Will Not Be Funded By Rakyat, Says Finance Minister

Finance Minister Lim Guan Eng has assured the rakyat that the third national car plan will not be funded by the rakyat.

Guan Eng said that if the third national car project is greenlit, it would be funded by the private sector.

“If it comes from private (investments), then there will not be a problem,” he said during the Dewan Rakyat sitting on Monday.

Back in June, during the Prime Minister’s visit to Japan, he reiterated his intention to kickstart another Proton. Proton was Tun Mahathir’s brainchild, though 49.9% of it was sold to Geely during Najib Tun Razak’s administration.

Tun M also wrote a post on his blog lamenting that Malaysians don't deserve an automotive industry, where he mentioned that Malaysia has become a dumping ground for big car companies to dump good quality as well as ‘Milo tin’ cars, thus burying Proton and resulting in Proton being sold to foreigners.

Cover photo via TheStar on Youtube