PM confirms Proton due diligence audit
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.
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The Edge: Due diligence audit for Proton this month


Jakarta’s Investor Daily reported that Volkswagen will be building an assembly plant in Indonesia next year to assemble a small car with an engine size of less than 1.5 liters as well as a van. The newspaper reported this citing an Indonesian industry ministry director general Budhi Dharmadi, but could not contact Volkswagen officials for comments. I wonder if this is true - and if it is - how will affect the Proton-Volkswagen talks?

Volkswagen has posted this promotional video of the Volkswagen Tiguan on it’s Tiguan microsite. It shows two of the production models dressed in silver and red in motion. Thanks to reader Patrick Wassel for the tip-off.



