Here is another short update from Thomson Financial, quoting Wolfsburger Allgemeine Zeitung, once again citing Volkswagen sources. According to the report, Volkswagen will only consider taking a large stake in Proton if the Malaysian government fully withdraws from the company, thus ending it’s Government Linked Company status. The report does not state a definition of what a large stake is. Is 20% considered a large stake or is the planned more than 51% in various stages considered a large stake?
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AI-generated Summary ✨
Comments express optimism that VW's interest in Proton will lead to technical improvements and a chance for Proton to become a global competitor, emphasizing that the deal is primarily business-driven and free from political influence. Some are cautious, questioning whether Proton will benefit from technology transfer and warning against potential loss of national pride and control. Several comments highlight concerns about bureaucratic delays and the dependency of Proton on government and crony involvement, fearing a loss of Malaysian ownership and identity if the stake is sold. Others believe the move could boost Proton's competitiveness, provided political interference is minimized, and see potential benefits in partnership, such as technology sharing and market expansion. Overall, the sentiment favors careful handling of the deal to ensure Proton's survival and growth, with skepticism about political motives and the involvement of cronies.