Automobile Industry of Malaysia

AUTOMOBILE INDUSTRY OF MALAYSIA
Malaysia's Auto Industry: An Economic Safety Net
Prime Minister Mahathir prizes development of an indigenous auto industry as his pet project. He has sought to develop the auto sector to avoid a huge trade deficit and to reduce the effects of volatile changes in rubber and palm oil prices on the economy and promoted the sector to help speed recovery from the Asian economic crisis. The Malaysian government also believes that a strong motor industry brings employment, technology, economic development, and prestige. Malaysia's two national car makers, Proto…