19 July 2008

Proton Needs Foreign Partnership, Says Muhyiddin

Proton Holdings Bhd, which ended talks with Volkswagen AG last year, needs to seek a foreign partnership to be more competitive in the automotive market, says Minister of International Trade and Industry Tan Sri Muhyiddin Yassin. "I still believe that this (foreign partnership) is an idea which Proton has to explore.  [Bernama]
http://www.bernama.com/bernama/v3/news_lite.php?id=347158

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23 July 2008

Further Liberalisation Of Malaysia's Auto Sector Will Be Gradual, Says Muhyiddin

Malaysia, while fully committed to fulfilling its multilateral commitments under the World Trade Organization (WTO), is in no hurry to further liberalise its automotive sector, said Minister of International Trade and Industry, Tan Sri Muhyiddin Yassin.  [Bernama]
http://www.bernama.com/bernama/v3/news_lite.php?id=347693

Malaysian auto sector braces for interest rate hike

BETWEEN high interest rates and high fuel cost, some automotive industry executives are more concerned over the looming increase of the interest rates charged on car loans. They expect banks to raise interest rates on car loans soon - amid economic uncertainties in the country and globally. This will make cars more expensive and ultimately affect industry sales.  [Business Times]
http://www.btimes.com.my/Current_News/BTIMES/Wednesday/Nation/bisan-2.xml/Article/

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