At the 24th Nikkei Conference in Tokyo, Malaysian Prime Minister Tun Dr. Mahathir announced plans for yet another national car.
He revealed very little about this new brand, but stated that it may be co-developed with other countries in the region. He highlighted Thailand and Japan’s expertise in the field.
What about Singapore? The thought of a locally assembled car is attractive. Without import tax, cars could cost as little as $15,000 (without COE). Unfortunately, it will never happen. The lack of space in our tiny island means it will cost too much to setup a production line. On top of that, our market is small.