Singapore’s The Business Times reported that Volkswagen officials, Khazanah Nasional officials as well as officials from the Prime Minister’s department will be meeting in New York for Proton-Volkswagen tie-up talks this week. An agreement is not expected, but the results of the meeting will bring the talks significantly forward towards conclusion, hopefully a positive one.
The Business Times did not identify it’s sources, only mentioning that it was an industry executive. Malaysians and Germans meeting in the US? How strange.
As for GM, there’s nothing concrete, only preliminary talks. GM’s CEO Rick Wagoner says “We are interested in talking about the opportunity there, but I think it is still more a possibility for us than a probability. The ball is 100 percent in their court in what kind of structure they want to pursue. It’s more a long shot than a likelihood for us.”
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AI-generated Summary ✨
Comments express frustration over the Proton-VW deal, debating whether Khazanah's negotiations in New York are productive, with concerns about Proton's independence and national pride. Some hope for a positive outcome, while others criticize the prolonged talks and government involvement. There’s skepticism about foreign involvement, fears of selling out to VW, and concerns about the impact on Malaysian car industry. Overall, sentiments are mixed but lean towards skepticism and concern about commercialization vs. nationalism.