Malaysia UMW sees no big car price cut


KUALA LUMPUR, Sept 23 (Reuters) - Malaysian auto firm UMW Holdings said on Monday it does not expect a big drop in car prices when the country lifts tariff barriers in 2005. "We don't see a drastic drop in prices. There may be a slight reduction," UWM group financial controller Meor Mohar Azhar said at a company briefing. He said the government might introduce other form of taxes to make up for the shortfall in revenue from import tariffs. Malaysia, one of the region's largest auto ...

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