Tuesday, March 20, 2007

Proton and VW deal

Yesterday there was a report in Forbes saying that German carmaker Volkswagen AG is "close to agreeing a deal to acquire Malaysia-based Proton Holdings Bhd".

However, according to the Malaysian Prime Minister Datuk Seri Abdullah Ahmad Badawi, Proton is only talking to VW about a strategic alliance.

Read the full report in The Edge Daily report here.

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