Thursday, August 5, 2010

Perodua MD open to collaboration with Proton

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd says it is open to collaboration with PROTON HOLDINGS BHD [] but it has never been officially approached over a proposed merger.

Perodua managing director Aminar Rashid Salleh said on Thursday, Aug 5 that it had never been "officially approached" over such a merger.

According to news reports in July, the suggestion that Proton and Perodua should consider a merger was floated after Prime Minister Datuk Seri Najib Tun Razak said at Proton's 25th anniversary celebration that if overcapacity was an obstacle, auto companies should merge to create a stronger, bigger and more able company.

Proton was positive about the benefits of a merger and its group managing director Datuk Syed Zainal Abidin Syed Mohamed Tahir was quoted saying a merger would enhance economies of scale, reduce costs and help exports.

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