Our prime minister Abdullah Ahmad Badawi told the press yesterday that Volkswagen was currently conducting a due diligence audit on Proton, confirming the previous report by The Edge. A due dilience audit is ann investigation or audit of a potential investment which serves to confirm all material facts in regards to a sale.
“It is important for Proton to be comfortable with its potential partner. And as soon as that is confirmed, then I believe we must tie up the deal as quickly as possible,” he said.
He further added that the introduction of the Proton Persona had nothing to do with the timing of Volkswagen’s due diligence study, but it does prove to the world that Proton is still capable of coming up with a superb product.
The Edge: Due diligence audit for Proton this month