Malaysia's Proton says studying Egypt car assembly

(Reuters) - Malaysian state carmaker Proton Holdings is studying plans to assemble cars in Egypt to help expand export sales, managing director Syed Zainal Abidin Syed Mohamed Tahir said on Monday.

"So from Egypt -- we plan to use that as a base to enter the African continent and the Middle East," he said.


Read more at Reuters Africa

Malaysia Won't Sell Its Entire Stake in Proton to Volkswagen, Najib Says

(Bloomberg) -- Malaysia's government, seeking a
partner for carmaker Proton Holdings Bhd., ruled out selling its
entire 43 percent stake to Volkswagen AG, raising concern that
disagreements over control will threaten alliance talks.

Volkswagen, the government's preferred partner for
unprofitable Proton, wants a ``substantial'' stake in the carmaker,
Malaysia's Deputy Prime Minister Najib Razak said in an interview.


Read more at Bloomberg Emerging Markets News