Post by daelf777 on Nov 11, 2007 20:55:18 GMT -8
biz.yahoo.com/ap/071111/malaysia_islamic_cars.html?.v=1
KUALA LUMPUR, Malaysia (AP) -- Malaysian automaker Proton plans to team up with companies in Iran and Turkey to produce "Islamic cars" for the global market, a news report said Sunday.
Proposed by Iran, the collaboration would include installing features in automobiles such as a compass to determine the direction of Mecca for prayers, and compartments for storing the Quran and headscarves, Proton's Managing Director Syed Zainal Abidin told national news agency Bernama.
"What they (Iran) want to do is to call that an Islamic car," he was quoted as saying while on a visit in Iran. "The car will have all the Islamic features and should be meant for export purposes. We will identify a car that we can develop to be produced in Malaysia, Iran or Turkey."
The report didn't give further details.
Syed Zainal and other Proton officials couldn't be reached Sunday for comment.
Proton is aggressively seeking to raise exports and boost sales as its domestic market share fell to 23 percent, from about 60 percent five years ago.
The state-owned carmaker has been in talks with Germany's Volkswagen AG and General Motors Corp. about a possible alliance to turn around its fortunes.
Proton reported a loss of $169 million in the 2007 financial year. In the three months ending June 30, it posted its fifth quarterly loss of $13 million.
For years, Proton thrived in a protected environment in which high duties were imposed on imported vehicles, forcing many Malaysians to buy Proton cars. But duties have been slowly lowered in line with a regional trade agreement, and more Malaysians are buying imported vehicles.
KUALA LUMPUR, Malaysia (AP) -- Malaysian automaker Proton plans to team up with companies in Iran and Turkey to produce "Islamic cars" for the global market, a news report said Sunday.
Proposed by Iran, the collaboration would include installing features in automobiles such as a compass to determine the direction of Mecca for prayers, and compartments for storing the Quran and headscarves, Proton's Managing Director Syed Zainal Abidin told national news agency Bernama.
"What they (Iran) want to do is to call that an Islamic car," he was quoted as saying while on a visit in Iran. "The car will have all the Islamic features and should be meant for export purposes. We will identify a car that we can develop to be produced in Malaysia, Iran or Turkey."
The report didn't give further details.
Syed Zainal and other Proton officials couldn't be reached Sunday for comment.
Proton is aggressively seeking to raise exports and boost sales as its domestic market share fell to 23 percent, from about 60 percent five years ago.
The state-owned carmaker has been in talks with Germany's Volkswagen AG and General Motors Corp. about a possible alliance to turn around its fortunes.
Proton reported a loss of $169 million in the 2007 financial year. In the three months ending June 30, it posted its fifth quarterly loss of $13 million.
For years, Proton thrived in a protected environment in which high duties were imposed on imported vehicles, forcing many Malaysians to buy Proton cars. But duties have been slowly lowered in line with a regional trade agreement, and more Malaysians are buying imported vehicles.
