| Troubled Malaysian automaker Proton is
| |
| | by the end of the year, the official said
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| looking for a helping hand and the
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| | that "that is a reasonable target".
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| Malaysian government is doing its best to
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| | In the past, Proton is the largest
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| get the largest European automaker
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| | automaker in Malaysian auto market. With
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| Volkswagen AG to invest in Proton. Three
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| | the backing of the Malaysian government,
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| rounds of talks have been going on
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| | the automaker was able to offer vehicles
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| between the Malaysian government which
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| | which are priced significantly lower than
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| owns the majority shares of Proton and
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| | their competition. But last year,
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| the German automotive giant. After these
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| | Proton's title as the largest Malaysian
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| rounds of talks, the Malaysian government
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| | automaker was taken away by Perodua.
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| is confident that they may close the deal
| |
| | Although the latter focuses on the
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| with Volkswagen this year.
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| | development of small compact cars, the
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| A top official in the Malaysian
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| | buying trend in the Malaysian auto market
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| government said that they are looking to
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| | shifted to small cars. One of the most
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| close the deal by December this year.
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| | formidable opponents of the automaker is
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| The deal is expected to give Proton the
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| | Toyota which is expanding its operations
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| boost that it needs to compete well with
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| | in Malaysia.
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| its competitors in the Malaysian auto
| |
| | With market shares dwindling, the
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| market. It is common speculation that
| |
| | Malaysian government now looks to partner
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| Volkswagen will be marketing Proton
| |
| | Proton with an automaker that has the
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| vehicles out of the Asian country while
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| | resources and the reputation that can
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| Proton will give Volkswagen a stronger
| |
| | turn around the fate of the Malaysian
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| foothold in the Malaysian auto market.
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| | automaker. Volkswagen has been known for
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| Nor Mohamed Yakcop, second finance
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| | its aesthetically excellent cars and
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| minister, said: "The good news is we are
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| | reliable parts such as VW radiators and
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| still talking. Things are happening.
| |
| | such. The German automaker also has the
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| Discussions are on-going (and) hopefully
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| | capital to invest in the Malaysian
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| we will resolve it soon." When asked
| |
| | automaker.
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| whether the negotiation will be completed
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| |
|
