PSA Peugeot Citroen says it will not pursue a partnership with Proton Holdings Bhd, because feasibility studies have shown little likelihood for success. “An in-depth study of the automobile market and the economic conditions for co-producing vehicles with Proton concluded that the conditions for the project’s success were not present,” PSA says in a statement. The French auto maker says it has informed Proton of its decision not to follow up on the study. PSA’s pullout is being ...

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