Proton may post huge loss for Q2??? YAU MOU GAU....CHOR!!

PROTON Holdings Bhd may post a staggering pre-tax loss of some RM700 million for the second quarter, caused mainly by red ink at its overseas subsidiary MV Agusta, the Italian motorcycle manufacturer, an industry source said. It was just two months ago that the national carmaker had surprised investors with a first-quarter net loss of RM12.4 million, a result caused by provisions or money set aside to cover debts that may not be recovered. (Click the title for full news)

Comment:
Why PROTON's profit has dropped nearly 1/2 compare to year 2003 starting from year 2004? Due to the launched of GEN 2? or buying Problems company like MV and Lotus?

Actually, PROTON is owning two branded company where both are one of the TOP BRAND of Sports cars and motorbikes in the world. I'm strongly believed that, they have the engineering skills and not only legendary tales. I guess propably the marketing and management failures are more likely to be the caused of PROTON loses.

YAU MOU GAU...CHOR!! With Some protection and Monopoly business can you still be lost?? What the F***K is going on over here? Really a mistery case! I hope PROTON management will do quick countermeasures and recovery the losses soon. Please don't sell off either one of those companies find the solutions! Can arr!!??

Here is the link to Lotus click --> Lotus
Here is the link to MV agusta click --> MVAgusta

News updated: Bernama on 30th NOV 2005 / The Star 30th NOV 2005