Automaker rebuffed in initial subsidy request.
Privately owned automaker Proton is reported seeking 3 billion ringgit ($915 million) from the Malaysian government for a turnaround plan based upon development of new vehicles, including an electric car. International Trade and Industry Minister Mustapa Mohamed confirms the Proton request, telling The Star newspaper it is being studied. The request “is still a work in progress,” Mustapa says without providing details. The Star reported earlier Proton so far has been unsuccessful ...
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