Malaysia national car builder Proton has sold its subsidiary,Agusta for 1
miserable Euro. Agusta was acquired by Proton for 7000 Euro with much fanfare on
7 July 2004 . Subsequently Proton pumbed in another RM 1.7 billions to cover
losses incurred. It lasted barely a year and all we saved is 1 Euro. No profit
and no technology transfer. After the MAS fisco,this is another big money
sucker. Work harder you Inland Revenue guys out there,we need you to feed these
big money suckers!
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