UPDATE 1-Malaysian car-maker Proton slips back into red

Newswire

(Adds more earnings details.) KUALA LUMPUR, Aug 29 (Reuters) - Malaysia's state-controlled car-maker, Proton Holdings , fell back into the red on Tuesday, blaming lower domestic sales for a first-quarter loss. The firm also painted a dour outlook, warning of intense competition and saying that it needed to pay for promotions to drum up business, adding costs pressures. "The automotive industry is expected to continue to experience lower sales," the company said in a statement. ...

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