Malaysia’s state-owned Proton Holdings said that it could not confirm the report stating that Volkswagen will take a 51 percent stake in the automaker’s manufacturing division.
Proton’s spokesperson said: “This is a shareholders matter. Let’s wait for the announcement by the government which is expected before the end of the first quarter.”
Newsreports say that German carmaker […]

Volkswagen has signed an agreement of intent to buy a substantial stake in the manufacturing division of Malaysia’s state-owned Proton Holdings. An official statement is due on February 8th, but was leaked from an inside source. Volkswagen is expected to take a 51 percent stake in Proton, giving the German automaker control over its operations.
It […]