Malaysia’s Proton Holdings Bhd prefers a tie-up with a foreign partner because they have more industry experience than domestic auto makers, a government official tells the Malaysian Senate. “The government is still talking to overseas parties, and it will only later consider any joint venture with a local company,” Finance Ministry Parliamentary Secretary Hilmi Yahaya says. Proton is not yet looking at local companies, such as Naza Motor Trading Sdn Bhd, Perusahaan Otomobil Kedua Sdn ...

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