Malaysia bailout Proton

Kuala venues Malaysian government approved a bailout package of 1.5 billion ringgit ($ 384 million) to support the national car maker is Proton, which is facing problems to pay its debts when sales decline and a loss.

According to reports this monetary condition that the company prepare a comprehensive plan to make the company its profits.

A working group, including officials of the government and the private sector could be set up to monitor changes your car manufacturer.

Mustapa Mohamed, Minister of International Trade and Industry Malaysia's national news agency Bernama quoted when he said: 'The decision of the Cabinet this is based on the interests of employees 6 thousands of people who depend directly on the future of Proton.

Car maker Proton was established in 1983 by Prime Minister Mahathir Mohamad, as part of a plan to boost industry ambitious but the company was affected by the reputation that are not very attractive and low-quality.

Mahathir, who has led calls for Prime Minister Najib Razak, Malaysia, the current step by allegations of corruption related Fund-rich state scandal resigned from the presidency of Proton in March.