KUALA LUMPUR, Oct 29: The government has been urged to review the current automotive industry policy as it has burdened local consumers with high bank loans.
Ini la puaka yang Madey tinggalkan utk 1Malaya..
Puaka mentekedarah duit.. thee he he makan minyak kuat, cat senang terkopek, gesel sikit senang kemek..
Harga berdentum dentam.. utang boleh buat sampai 9 tahun..theeee he he
Anak dah pandai mencarut utang kereta PROTONG tak habis2lagi..
Ini la puaka pusaka Madey.. theee he he hasil khayalan berahi Madey..thee he he
Khayalan nak drive PROTONG atas jambatan bengkang bengkok menuju ke Singapoorah..thee he he
L K Yew kata, "Sorry, no jambatan bengkang bengkok. Tunggu aku mati dulu. Yang mati baru2 ni, bini aku lah"
“We need to solve this issue so that the country will not be burdened with loans,” said Shah Alam member of parliament Khalid Samad at the parliament lobby yesterday.
Khalid said the current policy, meant to protect national car Proton, had forced car buyers to pay more for the locally-manufactured car than other countries whose prices are based on the market.
Saying the 25-year old national automotive policy was the cause of the high price, Khalid said the policy, introduced by former prime minister Dr Mahathir Mohamad, only benefited Proton.
The result, according to Khalid, was a chain impact of additional debt per household.
“Household debt for cars is due to our high car price, among the highest in Asia,” he explained.
Khalid cited a recent CIMB Investment Bank report which said 27 per cent of household debt was from car loans. The figure accounts for 76.6 per cent of the country’s Gross Domestic Product (GDP).
As such, Khalid said the automotive policy did not help Malaysians, adding that the problem of household debt was also not addressed by prime minister Najib Razak in the 2011 budget.