Thursday, May 17, 2007

GM Says Proton Talks Continue, 7 Weeks After Malaysian Government Deadline

(Bloomberg) -- General Motors Corp., the largest U.S. automaker, is still in talks about investing in unprofitable carmaker Proton Holdings Bhd., almost seven weeks after the Malaysian government's deadline for a decision passed.

``GM is still interested and talks continue,'' spokesman Rob Leggat said in an e-mailed response to Bloomberg News questions. The talks are ``preliminary,'' he added. Proton spokeswoman Faridah Idris declined to comment.


Read more at Bloomberg Emerging Markets News

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