Wednesday, August 22, 2012

VW labor boss says 12 brands are enough, doesn't want to acquire Proton

VW labor boss says 12 brands are enough, doesn't want to acquire Proton

The friction between Volkswagen and Proton continues, but this time it's coming from Germany, not Malaysia. The two firms have talked about some sort of partnership, or VW buying Proton outright, intermittently going back to 2005. In 2007 a partnership was nixed after a year of talks, then in 2010 after more talks a partnership was nixed again. The landscape has changed since then, with Malaysian firm DRB-Hicom taking control Proton and buying out the Malaysian government's stake.

Autoblog , VW labor boss says 12 brands are enough, doesn't want to acquire Proton, VW labor boss says 12 brands are enough, doesn't want to acquire Proton

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