Proton
Volkswagen eyes a 20 percent stake in troubled automaker Proton
September 13, 2007According to an official familiar with the negotiations, German auto giant Volkswagen is eyeing a 20 percent stake in loss-making carmaker Proton, and talks will soon secure a partnership. He told AFP on condition of anonymity that Proton and Volkswagen...
Proton shares down as carmaker moves closer to a deal with Volkswagen
July 24, 2007After hitting a high of 6.10 ringgit earlier in the day following a report saying that it was one step closer to a deal with German auto giant Volkswagen, Malaysian carmaker Proton shares closed lower, at 5.70 ringgit. Second Finance Minister Nor Mohamed...