According to a recent report by PricewaterhouseCoopers, Proton was mismanaged from 1996 (when Proton bought a 63.75 per cent stake in Lotus Group International Ltd) until late last year. FYI, Tengku Tan Sri Mahaleel Ariff was Proton's chief executive from 1997 until he was removed in July last year.
The PWC study was commissioned by Proton chairman Datuk Mohamed Azlan Hashim and the present management on September 2 last year.
The report was revealed by a financial weekly and a foreign newspaper (leaked?)
The report mentions that some projects were implemented without proper consultation or consent, billions of ringgit in expenditure spent without indepth discussion, and the board being unaware of legal problems.
Proton managing director Syed Zainal Abidin Syed Mohamed Tahir does not rule out the possibility of going to the courts.
Tags: Proton PWC
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Electric cars do not have an internal combustion engine - which is great for the environment. However, this means that they are amazingly s...
-
UK's first 4 seater family car was launched last weekend. The Citroen C1 Ev'ie was developed and built by the Electric Car Corporati... -
Euro NCAP recently released the results of the test on 12 of Europe’s best-selling cars. These were for cars in the following categories: Su...
-
If you recall, I wrote a post on contaminated petrol in the UK on Friday, March 02. Well they have finally found out that there was indeed ...
-
Image taken from the Renault website The new RenaultKangoo Sportif SL was launched by TC Euro Cars Sdn Bhd (Renault's official franchise...
-
El lunes 5 de mayo de 2014 publiqué una nota sobre el Fiat 128 del año 1971. Gracias a un road test de la revista Parabrisas Corsa conocimos... -
Several pics of the Proton Tiara Replacement Model (TRM) and the Satria Replacement Model (SRM)has been doing the rounds on the internet. On...
-
Last month, Jaguar launched it's new 2013 model year XJ and XF luxury sedans with the All Wheel Drive™ and fuel efficient V6 engines at ... -
Fiat Concórd presenta en el año 1977 dos versiones del Fiat 125: S y SL. La segunda es la que veremos hoy y era el modelo denominado anterio... -
Most of us know of Hertz as a reputed car rental company. However, not many are aware that Hertz also sells exceptional used cars as well. ...
No comments:
Post a Comment