Hot News: Volkswagen to Buy Proton?

Proton could become the latest firm to join forces with the Volkswagen Group, according to the Malaysian firm’s chairman.

Malaysian media has quoted Mohd Nazmi Mohd Salleh as saying outcome of talks between the two firms would be made public within the next fortnight.

“The outcome of talks with VW will be made public in two weeks time,” he said. “I don’t want to jump the gun.”

Proton has long been tipped as a likely candidate for VW to team up with as Proton could use some of its spare production capacity to build VW cars.

Proton could also rebadge some of VW’s older models for its domestic market.

Responding to the Proton chairman’s comments, VW told Reuters said there was no concrete plans for Malaysia and there were no developments or agreements in place at this stage.

Thanks to: Autocar


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