Financial Times FT.com

Malaysia seeks Proton partner

By Kevin Brown in Singapore

Published: October 29 2009 03:51 | Last updated: October 29 2009 03:51

Malaysia on Wednesday revived plans to find a foreign partner for Proton, the struggling state-controlled carmaker, as part of a national automotive policy that would also allow foreign manufacturers to set up wholly owned plants in the country to make up-market cars.

Mustapa Mohamed, the trade and industry minister, said the government hoped to resolve the Proton problem “soon”, but gave no indication which of many rumoured foreign partners might be close to a deal.

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