Mexican Media Brands
Malaysia Eases Restrictions on Foreign Carmakers
Malaysia is lifting rules that have barred foreign carmakers from locally producing vehicles fitted with engines displacing fewer than 1.8 liters, Bloomberg News reports.
#regulations
Share
Malaysia is lifting rules that have barred foreign carmakers from locally producing vehicles fitted with engines displacing fewer than 1.8 liters, Bloomberg News reports.
The licensing restrictions have helped shield state-backed carmaker Proton Holdings Bhd from direct foreign competition. But they also have dampened foreign investment in the country.
M. Madani Sahari, CEO of the Malaysia Automotive Institute, tells reporters the government hopes that lifting the ban will lure investment from such companies as Fiat, Hyundai, Renault and Volkswagen, none of which have major passenger car operations in southeast Asia. The institute helped draft the new policy.
Madani says Malaysia wants to better compete with Thailand, where foreign companies have make that country a regional center for truck production. He says Malaysia hopes to differentiate itself as a supply hub for fuel-efficient cars and the technology that goes with them.
RELATED CONTENT
-
Porsche Racing to the Future
Porsche is part of VW Group and it is one of the companies that is involved in putting vehicles on the U.S. market with diesel engines in violation of EPA emissions regulations, specifically model year 2013–2016 Porsche Cayenne Diesel 3.0-liter V6 models.
-
Bill on Self-Driving Cars Stalls in Senate
Congressional efforts to make it easier to develop self-driving cars in the U.S. have stalled in the Senate despite strong bipartisan support.
-
Rage Against the Machine
There have been more than 20 reported attacks against Waymo’s self-driving fleet in Chandler, Ariz., since the company began testing the technology on public roads there two years ago.