Sunday, January 01, 2006

VW Drops Proton Controlling Share Demand

Proton Holdings Bhd's share prices are up because investors see an impending tie-up with Volkswagen AG. This was the result of the news that Volkswagen AG had dropped its insistence on taking a controlling stake in the Malaysian car company.

Many analysts believe that VW’s about turn is due to its problems including falling market share, sales slump and its numerous boardroom battles.

Read the Star’s report

I would like one.

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