Saw this today on Pistonheads:
“Proton Holdings Bhd will not sell its unit Lotus even if things get tough”, Proton’s group managing director Syed Zainal Abidin Syed Mohamed Tahir is quoted to have said by financial publication Interactive Investor (see link below).
“We will make sure that Lotus will work. We must ensure Lotus is a success; there is no other way,” Syed said. He also said that Proton will have to make radical changes soon in Lotus. One of the first priority will be “rightsizing” the company, he said.
Times are tough accross the Motor industry. I wonder what is meant by “Rightsizing” ? Lotus is hardly a multinational conglomerate ?
Any comments ?