Friday, June 01, 2007

VW rejects "Old Maid" Proton - Is the dowry too much?

The Star, 1 June 2007:
Datuk Seri Abdullah Ahmad Badawi has asked Proton Holdings Bhd to start talks with other carmakers on a partnership because Volkswagen AG is not interested.

“I have made the decision that since Volkswagen is not interested in the proposal that Proton wants in terms of the equity participation but they want cooperation in some other form, Proton can begin to talk to others,” the Prime Minister told reporters after chairing the Umno supreme council meeting last night.

Read more

Other news:
Proton posts RM591mil loss

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