Malaysia also ends talks over GM-Proton alliance
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
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Story first published: Tuesday, November 20, 2007, 16:53 [IST]