Malaysia's Proton sees no more MV Agusta charges

Newswire

KUALA LUMPUR, Nov 29 (Reuters) - Malaysia's state-controlled car-maker, Proton Holdings Bhd , does not expect to book any more provisions for its Italian motorycle-making subsidiary, MV Agusta, Proton's chairman said on Tuesday. "We don't have any more provisions," Azlan Hashim told reporters after Proton reported its second straight quarterly net loss, which came after a 90 million ringgit ($23.8 million) bad-debt charge related to Agusta. In November 2004, Proton announced it had ...

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