Vw, GM and PSA possible partners for Malaysian carmaker Proton

Article by Christian A., on August 26, 2010

Amid the threat of foreign competition, Malaysia is seeking a partner for national carmaker Proton. There are speculations that Proton could again try for a tie-up with Volkswagen AG or seek out General Motors Corp. or PSA/Peugeot-Citroen.

Malaysia also has had to reduce tariffs on auto and parts imports as part of a deal with Asian neighbors. 

Last Wednesday, the Malaysian government unveiled its National Automotive Policy, which sets a framework to deregulate the industry and end a system of import Approved Permits.

The government is doing this as a way to get around the corruption that has proliferated due to this practice. The government says that while it would allow foreign carmakers, it would keep excise duties on completely built cars and kits.

At a press conference, International Trade Minister Mustapa Mohamad said that it is of "strategic importance" to the government to help the local industry in Malaysia, the biggest car market in the Association of Southeast Asian Nations bloc (ASEAN).

First launched in 2006, the policy aims to liberalize an automotive sector that favors Proton through steep taxes on imported vehicles in Malaysia. [via autonews]

Topics: vw, gm, psa, proton, malaysia

If you liked the article, share on:

Pin It

Comments

Recommended

South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the...
by - March 26, 2017
Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Daimler AG, through its Smart division, has disclosed that its two electric models, the Smart ForTwo and the Smart ForFour are now open for orders in Germany. Official market launch...
by - March 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries