As if Proton wasn't already in a hole

This should keep proton trying to dig its way out. From The Star Online, Proton loses 20m in China Joint Venture:

The failure of the joint-venture project between Proton Holdings Bhd (Proton) and Goldstar Heavy Industrial Co Ltd (Goldstar) in Dongguan, China, has resulted in an estimated loss of US$5.78mil (RM20.44mil) for Proton, Prime Minister Datuk Seri Najib Tun Razak said.

Najib, who is also Finance Minister, said that the losses included the revolving capital in the said joint venture.

“The joint-venture contract clearly states that all disputes must be referred to arbitration. Therefore, in line with the Arbitration Agreement signed July 6, 2007, Proton Automobiles (China) Ltd had started arbitration proceeding against Goldstar in Singapore,” he said in a written reply to a question from Lim Lip Eng (DAP-Segambut) in the Dewan Rakyat yesterday.

Ouch as if the contraction in Malaysia car sales weren't enough.