No news on Timor car?

Have I missed something, I wonder? As I recall it, when the IMF bailout package war first mooted, one of the predictions was that certain non-essential projects should be postponed or altogether abandoned. One of these was the ill-starred Timor car project and the proposed bank loan of US$670 (?) million to build a factory for its construction in Indonesia.

This idea was vehemently opposed by the government -- "over our dead bodies" was the burden of their protests. As we all know, the bailout went ahead, but what happened about the Timor? I don't remember reading any reports on that subject -- did it survive, or was it quietly buried, or at least frozen? Did the IMF relent, or did the protesters back down? It would be interesting to know.

JAMES RICHARDS

Jakarta