Sinking at Home

THING'S are gloomy at Proton. The performance of the Malaysian car company continues to decline. Last year, Proton's sales plummeted nearly one-third from 166,118 to 115,538 units. Its market share shrank to 37 percent from 60 percent in 2002. Its revenues even nosedived by more than a half, to RM962.3 million or Rp2.5 trillion. It was the lowest in the past seven years.

It all happened after Malaysia slashed motor vehicle import duties from 60 to

Subscribe to continue reading.
We craft news with stories.

For the benefits of subscribing to Digital Tempo, See More

The Best Choice

Rp 54.945/Month

Active for 12 Months, Rp 659.340

• *You Save -Rp 102.000
• *Guaranteed update of up to 52 Editions of Tempo Magazine

Subscribe

Rp 64.380/Month

Active Every Month Cancel Anytime

• *Free for the first month if using a Credit Card

Subscribe

See Other Packages

Already a Subscribed? Log in here
To receive daily news by Email, Sign up for Tempo ID.