Government Has
Transition Plan For Automotive Industry, Says Muhyiddin
KUALA
LUMPUR, March 13 (Bernama) -- The government has a plan to ensure smooth and
equitable transition for the automotive industry after its liberalisation, says
Deputy Prime Minister Tan Sri Muhyiddin Yassin.
He
said sudden changes to the industry could adversely affect the country's
automotive ecosystem, while urging local automotive producers to become more
internationally oriented to help them survive in an increasingly competitive global
environment.
"We have seen a gradual drop in new
vehicle prices by three to five per cent in the fourth quarter of last
year," he said, attributing the price reduction to discussions between the
government and automotive companies as part of the government's long-term plan
to reduce vehicle prices.
"I want to stress that sudden price
reductions would affect the industry as a whole as well as the country's
economic development," he said in his speech at the launch of Perusahaan
Otomobil Kedua Sdn Bhd's (Perodua) S series variants of the Viva, Myvi and Alza
car models here Wednesday.
Muhyiddin
said the government plans to make Malaysia a regional production hub for energy
efficient vehicles (EEVs), and urged Perodua to help the research and
development activities of local automotive component makers to enable them to
become suppliers for the local and global automotive industry.
Source: Bernama
Date: 13 March 2013
Afternoon
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