Malaysian state auto maker Perusahaan Otomobile Nasional Bhd (Proton) says it does not see a pressing need to form alliances with foreign car makers as it prepares for the opening of the domestic car market by 2005. Proton Cars CEO Tengku Mahaleel Ariff says there is little incentive for a tie-up, as Proton then would be forced into paying high engine costs and amortization charges to foreign partners. Proton says it’s ready for an open market. "Where is the value in foreign ...
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