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Written by Administrator
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Wednesday, 24 January 2007 |
General Motors is believed to be interested in buying Malaysia's
state-controlled car company Proton. In the recent past the
PSA/Peugeot-Citroen and Volkswagen were also interested in Proton, so
the battle begins.
Analysts say the problems at loss-making Proton could be solved by
forging a foreign partnership. One attraction for GM could be Proton's
modern factory. The other attraction is the lower labour costs leading
to lower production costs.
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