VW: Talks with Proton have been stopped

Some days ago we wrote about the possible takeover of Malaysia's Proton, owner of Lotus, by Volkswagen.
Now it seems that the talks have been stopped, because of the resistance of Proton's senior management.

Apparently talks between VW and Proton concerning the German automaker acquiring a controlling stake in the Malaysian company have stopped due to opposition coming from Proton’s senior management. VW’s separate plans to use Proton’s manufacturing facilities in Malaysia to build its own cars have also been discontinued. Though VW claims that this isn’t a takeover, Proton’s management doesn’t consider it a fair deal. VW would gain significant control of Proton during a time in which the Malaysian government is opening up the country to imports. Proton would benefit from VW’s global distribution and exchange of technical knowledge, but apparently that isn’t enough to make this deal move forward.

Source: Autoblog

VW: Talks with Proton have been stopped

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