 | Email this article |
 | Print article |
 | Feedback |
(KUALA LUMPUR) Malaysia's national car maker Proton Holdings said yesterday that it is not planning to sell its distribution unit to car dealer Edaran Otomobil Nasional (EON). 'Proton would like to clarify that it has no plans to divest its distribution arm, Proton Edar Sdn Bhd, to EON,' the car maker said in response to a newspaper report. Citing unidentified sources, The Edge Financial Daily reported yesterday that Proton is looking to inject Proton Edar into EON.
Proton said that discussions with EON on the rationalisation of its sales and service network, which started since April 2008, are ongoing. 'As at to date, there are no developments or agreements that warrant announcement,' Proton said separately yesterday. -- Reuters
No comments:
Post a Comment