Wednesday, October 28, 2009

BANGKOK POST: Malaysia's auto revival 'no threat'

The local automobile industry is unconcerned by the Malaysian government's bid to unseat Thailand as Southeast Asia's manufacturing hub for the sector, says the Thailand Automotive Institute.

Malaysia's auto industry is still a long way behind Thailand's, said Vallop Tiasiri, the director of the TAI.

Kuala Lumpur yesterday announced a decision to resume issuing carmaking licences with an aim to spur investment and employment. It will also seek a strategic partner to revive its national car company, Proton Holdings Bhd.