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THE new Perusahaan Otomobil Nasional Bhd (Proton) manufacturing plant in Proton City, Tanjung Malim, is designed to be worker friendly and optimised to meet the challenges brought upon by globalisation and international competition.
Economic fallout in Asia from the Severe Acute Respiratory Syndrome (SARS) crisis mounted yesterday as the World Bank cut its regional growth forecast, Hong Kong received a credit rating blow, and investors dumped shares in Asian retailers and exporters to China.
Japan#8217;s fourth largest vehicle maker, Mitsubishi Motors Corp, said yesterday that cost cuts and robust sales helped its profits more than double last year, but analysts believe a soggy US economy and intense competition will restrict growth this year.
Wong Engineering Corp Bhd will soon venture into the manufacture of automobile components to tap the vast potential in the industry.
World champion Michael Schumacher swept to an emotional victory in the San Marino Grand Prix yesterday just hours after hearing the heartbreaking news that his mother had died.