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BMW buys "a piece of" MV Agusta
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<blockquote data-quote="fabianyee" data-source="post: 224276" data-attributes="member: 6"><p>As was discussed in various blog, it's hard to assess the true situation as there are liabilities taken on by MV Agusta even before Proton took it over... Question is not really why it was sold for nominal fee of 1 euro, question is why did proton ever bought it in the first place knowing it will risk of burdening the huge liability.. </p><p></p><p>It was sold becos Proton realized later that they can't afford to keep pumping money in to pay off debt after the takeover. </p><p></p><p>No one would give a damn if Proton is not a GLC cos it wouldn't involve people's money. But the fact that it's a GLC, the people's hard-earned money are indirectly involved in the loss making deal.</p></blockquote><p></p>
[QUOTE="fabianyee, post: 224276, member: 6"] As was discussed in various blog, it's hard to assess the true situation as there are liabilities taken on by MV Agusta even before Proton took it over... Question is not really why it was sold for nominal fee of 1 euro, question is why did proton ever bought it in the first place knowing it will risk of burdening the huge liability.. It was sold becos Proton realized later that they can't afford to keep pumping money in to pay off debt after the takeover. No one would give a damn if Proton is not a GLC cos it wouldn't involve people's money. But the fact that it's a GLC, the people's hard-earned money are indirectly involved in the loss making deal. [/QUOTE]
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BMW buys "a piece of" MV Agusta
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