Volkswagen Willing to Buy Proton
A foreign partner is key to Proton’s survival when Malaysia’s sheltered auto market is opened fully by 2008.
Mahathir says:
If we want to, we can sell more than 50% to Volkswagen. They are quite willing, I think, to buy even 100%. There are many other companies which would gladly buy 100% of Proton. Our fear, of course, is if they buy 100%, they might close the production of our national car and just assemble their cars.
However, Volkswagen Group chief executive says that the company would consider taking a stake in Proton only once VW finishes its plans for the coming five to seven years.
Full story here.
July 5, 2005 @ 9:54 pm
lol will come out Proton Beetle not later on?
July 5, 2005 @ 11:29 pm
WE ARE SAVED !!!! FROM ALL THOSE BLOOD SUCKERS and FREE LOADERS !!!!!!
July 5, 2005 @ 11:41 pm
the root cause of the problem is khazanah. khazanah implemented extreme cost-cutting measures during the crisis with proton, restructuring and reorganising the carmaker. with cost-cutting, quality and after-sales go out the window. govts have no business going into business. they should only be facilitators or referees by legislating laws to reulate business, not going into business themselves. khazanah is choking and squeezing pure private enterprise in malaysia, as does temasek in s’pore. the govt should only concentrate ownership in public resources, e.g. electricity, water and petroleum
July 5, 2005 @ 11:42 pm
sell off proton to vw…let 75% control under vw, and every one else 25%….