| In the news: Europe's largest automaker
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| | with Mitsubishi Motors Corp.
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| and producer of Volkswagen relay said
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| | unfortunately the partnership didn't last
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| that its ongoing talks with Malaysia's
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| | long and ended in 2004. There are two
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| Proton Holdings Bhd are already at its
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| | other automakers that are discussing the
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| advanced stage since it is really
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| | possibilities of partnership with Proton,
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| planning to seek a platform to expand its
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| | the PSA Peugeot Citroen and General
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| market in Southeast Asia.
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| | Motors Corporations. However PSA Peugeot
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| According to Kevin Rose, Volkswagen's
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| | Citroen has ended talks with Proton last
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| head of international sales, "both
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| | week while General Motors is said to be
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| parties clearly know what they would want
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| | still having ongoing discussions.
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| from such an agreement." He also said
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| | Unfortunately, no details were released
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| that the company is also working to meet
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| | regarding the talks between GM and
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| the deadline set by the Malaysian
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| | Proton.
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| government which is scheduled on March
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| | Volkswagen to Control Production
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| 31, 2007.
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| | According to the Wolfsburg-based
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| Volkswagen has already added capacity in
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| | automaker controlling of local production
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| China and will expand in India to boost
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| | is the key strategy to survive in
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| sales of its Jetta and Passat models in
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| | emerging markets such as Malaysia and
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| two of the world's fastest growing major
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| | India. "For us a brand, it's important
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| economies. It should be noted that just
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| | that we can always say made by VW, or
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| last Proton has again reported its
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| | built by VW. Even in China, where for
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| biggest quarterly loss in at least eight
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| | legal reasons we are a minority partner,
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| years and has been market share to
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| | we still have a great control over the
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| overseas rivals including Toyota Motor
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| | production, assembly, design of our
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| Corp. Proton needs new design and
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| | products, and that's incredibly important
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| technology in order to become competitive
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| | for us," explained Kevin Rose.
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| not only in Malaysia but in the world and
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| | It is no secret that initial talks
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| it needs Volkswagen to provide it with
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| | between Volkswagen and Proton have
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| the help that it needs to survive.
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| | collapsed January last year after the two
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| Ang Kok Heng, who manages 114 million
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| | companies disagreed on issues pertaining
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| stocks at Philip Capital Management in
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| | to the control of the company.
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| Kuala Lumpur, said "there are a lot of
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| | Fortunately, all issues have been settled
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| things Proton needs to learn in order to
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| | resulting to the resuming of talks
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| be competitive and having a partner will
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| | between the two automakers.
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| help it catch up with the bigger boys."
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| | About Proton
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| Despite the losses that Proton has
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| | Malaysia's government owns 43 percent
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| obtained it has managed to increase its
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| | stake at Proton held by its investment
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| shares by as much as 3.1 percent and
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| | unit, Khazanah Nasional Bhd. It was
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| closed up 5 sen or 0.8 percent at 6.55
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| | Former Prime Minister Mahathir Mohamad
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| ringgit in Kuala Lumpur, valuing the
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| | who set up Proton in the year 1983 and
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| company at 3.6 billion ringgit or $1
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| | become the bedrock of the country's
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| billion USD. However in terms of stocks,
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| | manufacturing industry. Former Prime
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| Proton's stocks have declined by 0.8
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| | Minister Mohamad said last year that
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| percent this year while Malaysian
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| | Proton will collapse without a foreign
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| benchmark index has climbed 7.8 percent.
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| | partner. It was in July 1985 that Proton
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| Proton is not the first Malaysian
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| | launched its first model the Proton Saga
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| automaker that has seek for a foreign
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| | which became the country's most popular
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| partner, the Shah Alam, Malaysia-based
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| | car for taxis.
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| automaker has sought foreign alliance
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