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We have also revised our forecast for passenger car production to 536,402 units, up 20%, and our Jimmy Choo Shoes vehicle output projection has been raised to 47,339 units, up 12%, taking our forecast for total vehicle output to 583,741 units. There are signs that Malaysia's Christian Louboutin sandals wood sector is becoming more open to foreign participation, which BMI believes will be beneficial for the industry's development in the long run. Malaysia's Ministry of International Trade and Industry (MITI) has confirmed it is considering applications from five foreign carmakers to set up local production operations in the country, which should create more competition in the industry. This would be continuing a Christian Louboutin Sandals yellow for investment this year, after France's Peugeot announced plans to make Malaysia its regional hub for ASEAN markets. While BMI also considers the development of a strong supplier segment to be pivotal in building a regional production hub, a meeting between Malaysian government officials and Australian parts suppliers is Christian Louboutin satin anemone pumps Black positive sign. A number of the suppliers are taking part in the Federation of Automotive Products Manufacturers Malaysia event in November and are particularly keen on working with local firms in the field of fuel efficient vehicles. In addition to supporting Malaysian firms, the Australian companies will also use the country as a gateway to other ASEAN markets. Opening up Malaysia's auto industry further to foreign brands should be a positive development. BMI believes the government is aware that the industry needs focussed attention if it is to compete with its regional neighbours, particularly Indonesia, which is comparable in size but has previously been more open in its policies towards international involvement in the industry.