Malaysia's newly-elected Prime Minister Mahathir Mohamad today floated the possibility of a national car project, despite the problems of a similar endeavour started during his previous term decades ago.
"We need to go back to the idea of a national car," he told a Tokyo press conference on his first foreign trip since his shock election last month.
Mahathir appeared to brush aside that history on Monday, saying Malaysia would "seek support and expertise from other countries" in looking once again to produce its own cars.
"However there are certain parts of a car which are extremely expensive to develop. We will want to source some of those expensive parts from other countries, including of course from Japan." Malaysia's state investment arm sold its stake in Proton to a local car distributor and importer in 2012, but the auto firm continued to struggle, despite several high-profile tie-ups with major automakers.
In 2016 the government approved a bailout package worth $384 million for the struggling company but warned it would not continue to throw money at the firm.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)