Yet more updates on the Volkswagen-Proton parnership. The Malay Mail reports Volkswagen AG may buy 40% of Proton’s manufacturing arm, and assume management control over that unit. Proton’s board of directors had met up with Volkswagen officials last week to discuss this offer.
This deal will allow Proton to benefit from Volkswagen’s technical expertise. However Proton joint Chief Operating Officer Datuk Kisai Rahmat denied to comment on the results of the discussion.