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 discuss potential conditions for VW-Proton deal, highlighting government involvement, concerns about Proton’s management, and the significance of maintaining national pride. Some worry that political interference and cronyism hinder Proton’s growth, and a few skeptics believe VW aims for control rather than partnership. Overall, sentiments favor a careful, transparent partnership that benefits both Malaysians and Proton’s future, emphasizing the need to remove bureaucratic interference to help Proton become a competitive global automaker.