PKR Youth today lauded the sale of 49.9 percent of Proton shares to China's Geely Automobile Holdings Ltd as a positive move that could liberalise the local automotive sector.

"It is a fair and reasonable move which could ensure a liberal automotive sector, thus bringing down the price of cars for the rakyat.

"This eases the burden of car loan repayments which have been shouldered by the rakyat all this while," PKR Youth deputy chief Dr Afif Bahardin said in a statement.

He added that the move could also spur the soft national automotive market.

"We urge Proton to immediately reform its manufacturing, research and marketing processes to ensure this Malaysian-born firm can remain relevant and is the car of choice for Malaysians," he said...