VW: Close to Proton deal

Ok, we are confused now. What's right and what's not?
Some days ago we posted that the talks between VW and Proton about buying a major stake in struggling Malaysian rival Proton have been stopped.
Now BBC News is reporting that VW is close to a deal with Proton.

VW could pay up to $440m (£250m) for a 30% stake in Proton, the Reuters news agency said.

Press reports earlier this month suggested a deal with VW had been opposed by Proton's senior management.

A deal with VW would give Proton access to the German company's technology. VW, in turn, would obtain greater access to Asian markets, which last year accounted for less than 7% of its sales.

Let's wait and see how this story will come to an end.

GermanCarBlog, Volkswagen, Proton

Source: BBC News, logos by Cartype

VW: Close to Proton deal

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