KUALA LUMPUR, Nov 20 (Reuters) Malaysia's state investment arm, Khazanah, has ended talks with General Motors and Volkswagen over possible alliances with state-controlled auto firm Proton , Khazanah said on Tuesday.
''The government of Malaysia has taken note of the recent positive developments at Proton, in particular the improvement of domestic sales and exports,'' Khazanah said in a statement.
''The government is, therefore, of the view that Proton's management should be allowed to continue with its plans to further strengthen the company. The issue of strategic alliance, if necessary, can be considered at a later date.'' REUTERS BJR HS1618