Proton Will Collapse Without a Foreign Partner
Proton Holdings Bhd., Malaysia's biggest carmaker, will collapse unless it finds an international partner such as Volkswagen AG, said former premier Mahathir Mohamad, who set up the company more than two decades ago.
"At the rate it is going, it's not going to last long," said Mahathir, 80, who became an adviser to the Shah Alam, Malaysia-based automaker after stepping down as prime minister in 2003. "Proton is reporting losses all the time, and they still have a lot of cars which they cannot sell."
Proton has been losing market share to...
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