Proton To Go Solo Again

Excerpts from Star Online Nation "No foreign partner for Proton":

Second Finance Minister Tan Sri Nor Mohamed Yakcop said there would be no foreign partner for Proton for the time being as the national car manufacturer was showing signs of a turnaround.
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“We have to look at the issue of a partnership in the present circumstances (now that Proton is making a turnaround in terms of its business),” he said when commenting on Khazanah Holding’s announcement that it was stopping all talks with VW and GM over Proton.

He said the negotiations had not entered into the discussion of terms but was at a stage of “whether the Government wanted to go or not go” with the decision to get a partner for Proton.
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However, Nor Mohamad said this did not mean the Government was rejecting the possibility of an alliance or partnership with a global car manufacturer.

“As Proton improves, it would be easier to go into a strong alliance. We have a little more time for that,” he added.