KUALA LUMPUR – Can Proton Holdings Bhd., a subsidiary of Perusahaan Otomobil National Bhd., one of Malaysia's two coddled national car companies, transform itself into a competitive global player? Despite 20 years of protected operations in the domestic market, Proton managers are confident they can get the job done. But whether the metamorphosis will be successful is by no means certain. Nevertheless, a start has been made. There is little time to waste as the government is pressuring ...

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