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Malaysia's Proton says no rise in car prices

KUALA LUMPUR, Jan 28 (Reuters) - Malaysia's top car maker Proton said on Wednesday it was in talks with the government over new tariffs announced last month, denying a media report that said prices of Proton cars might rise.

"So far no change," Proton Chief Executive Officer Tengku Mahaleel Tengku Ariff told reporters. "You must remember our job is to make prices of cars more affordable." Tengku Mahaleel also said Proton was in talks to form strategic alliance with "a couple" of foreign car makers.

Proton said there was no decision yet on its plan to sell as much as two billion ringgit ($526 million) of bonds.

"We will make the announcement when the time is right," said Proton Chairman Abu Hassan Kendut.

($1 = 3.8 ringgit)