KUALA LUMPUR (Dow Jones)--Malaysia's state-owned car maker Proton Holdings Bhd. (5304.KU) sees opportunities for a possible tie-up with a strategic partner that makes luxury passenger vehicles with engine capacity of 1.8 liters and above, the Star reported Thursday.
The government announced Wednesday that it would lift a freeze on manufacturing licenses for cars with engine capacity of 1.8-liters and above as part of its national auto policy. The policy also called for the setting up of a strategic partnership between Proton and a globally established original equipment maker to enhance the national car maker's competitiveness.
Proton's Managing Director Syed Zainal Abidin was quoted by the daily as saying that the car maker was in no rush to find a partner.
Newspaper Web site: http://www.thestar.com.my
Dow Jones Newswires
October 28, 2009 20:32 ET (00:32 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
No comments:
Post a Comment