Talks To Save Proton Failed

According to a report by The Edge, talks between the car manufacturer Proton Holding Bhd and Europe's biggest carmaker Volkswagen AG and Volkswagen known producers of components --- Van, who last year pushed by the function that the government hopes , Malaysia.

The weekly newspaper has stated that the officials from Proton and Volkswagen met repeatedly, but no concrete agreement was signed. The newspaper added that the talks were not so good and it seems that the German car maker has something "cool" and less worried lately.

The newspaper also quoted a source familiar with the situation with the words: "This period could be considered as my doubts." The Malaysian government is also under pressure to announce details of the partnership for the loss of proton, its status as the country 's biggest rival Perodua Vehicle Service. The government believes that the new Proton, the partnership with Volkswagen , it can help.

In the last week, Proton announced third quarter as a result of losses, which it a more competitive distribution and stagnation. The Company receives a net loss of 281.45 million RGT for the third quarter compared to net income at the end of December it adopted a year earlier, amounting to 86.51 million RGT.

The Second Finance Minister Nor Mohamed Yakcop said that the government was an ad on a strategic partner of the proton in this month. Nobody knows whether it is still Volkswagen or any other company. But after The Edge newspaper, "If this timetable is consistent, known as General Motors, the largest car manufacturer in the world, but still a partner for Proton.

The main goal of a partnership with Proton foreign automotive industry is to further reduce the market share than the competition. It should be noted that if a possible new partnership with Volkswagen on the run from the proton, but after the announcement of the partnership was not confirmed by proton dipped.

Apart from Volkswagen, Proton was in talks with General Motors and PSA Peugeot Citroen in France more than three companies in the automotive Malaysia showed interest for the purchase of shares in the company. It should be noted that the Government of Malaysia has 59 percent of the protons, including the participation of 43% owned by Khazanah Nasional, the investment arm of the government.

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Growing up with three brothers, Natalie Anderson is too early to give lectures in the world of the automobile. This 29-year-old account manager now dreams of a separate top-of-the-line vintage car.