UPDATE 2-Malaysia's Proton posts Q3 loss; seen off track

Newswire

(Adds company quotes) KUALA LUMPUR, Feb 27 (Reuters) - Malaysia's top carmaker Proton reported a surprise loss on Friday in its fiscal third quarter to the end of 2003, putting it on track to miss full-year forecasts as sales of foreign marques outpaced its ageing models. "If we do not accelerate product development, then the company's position will be worse," Proton Chief Executive Tengku Mahaleel Tengku Ariff told a news conference. Perusahaan Otomobil Nasional Bhd (Proton) lost ...

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