Saturday, January 30, 2010

VW seeks management control of Proton

KUALA LUMPUR (Thomson Financial) – Prime Minister Abdullah Ahmad Badawi said Tuesday that German auto giant Volkswagen is seeking management control over Malaysia’s state-owned Proton as it negotiates an alliance.

‘They have been discussing about it but we have not yet decided on that,’ Abdullah said when reporters asked if Volkswagen (other-otc: VLKAF.PK – news – people ) was eyeing management control of the loss-making firm.

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