Saleh on Govt’s AP idea


  • Business
  • Saturday, 11 Jun 2005

THE Government’s suggestion that Approved Permit (AP) holders be only allowed to import cars that do not compete with Proton models will severely affect the business of foreign car distributors, said DRB-Hicom chairman Tan Sri Mohd Saleh Sulong. 

Saleh said that most of the foreign car makes that competed with Proton models came under the below-two-litre category. 

Prime Minister Datuk Seri Abdullah Ahmad Badawi had said yesterday that AP holders were supposed to import vehicles with a bigger engine capacity and of a different category from those produced by the national carmaker. 

“We hope the Government will look into the aspect of allowing more choices for consumers, as cars that fall below the two-litre category form the main share of the Malaysian automotive market,” Saleh said on the sidelines of a journalism workshop in Petaling Jaya yesterday. 

He said less that 20% of the cars distributed by DRB-HICOM were in the above two-litre category. – Bernama 

 

 DRBHCOM :  [Stock Watch]  [NewsDRBHCOM-O :  [Stock WatchDRBHCOM-W :  [Stock Watch]

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Cathay Pacific lowers Q4 capacity forecast as travel restrictions linger
Ringgit leads Asia FX lower; c.banks come into focus
China Evergrande shares hit 11-year low on default risks
CEOs more confident about global recovery but supply chain risks weigh
Hup Seng Industries suspends plant ops in Batu Pahat
Cagamas clinches prestigious Islamic Issuer of the Year award
DHL Express announces average 4.9% price increase effective Jan 1, 2022
FBM KLCI succumbs to selling pressure
Global semiconductor chip shortage likely to get worse, further pushing prices higher
Ringgit drops against greenback ahead of monetary policy meetings

Stories You'll Enjoy


Vouchers