Talks to Save Proton failed

According to a report by The Edge, talks between Proton Holdings Bhd have car manufacturers and the largest automobile manufacturer in Europe, Volkswagen AG - and the parts-maker of the famous Volkswagen Van --- began last year has not pushed through on the basis of what the Malaysian government hopes.

The weekly newspaper has reported that officials from Proton and Volkswagen had met several times, but no concrete agreement has been developed. The newspaper added that the talks were not going well and it seems that the German manufacturers something cool "and lately seems less afraid.

The newspaper also a source familiar with the situation said: "This delay could be cited to reveal some doubts." The Malaysian government is also under pressure, details of the partnership for the loss-making Proton, which has lost its status, automakers announce in the country's best-selling rival Perodua. The government believes that new partnership with Proton, Volkswagen help it can recover.

Proton announced last week its third consecutive quarter of losses due to increased competition and slow sales. The company received a loss of 281.45 million RGT of the third quarter ended December, compared to net income; he had the year before, totalling 86.51 million of the RGT.

The Second Finance Minister still Yak cop Mohammad said the government would be an announcement on strategic partners proton release this month. No one knows if they would have a Volkswagen or another company. But the newspaper, The Edge said: "If this timetable is adhered to strictly, sources say, General Motors the world's largest car manufacturer is to be the preferred partner for Proton.

The main aim of which is a partnership with a foreign manufacturer Proton prevents a further decline expected its market share as competition intensified. It should be noted that, fled when news of a possible partnership with Proton, Volkswagen shares rose, but after news the company is not of Proton shares have been confirmed to be overthrown.

Apart from Volkswagen, Proton has been in talks with GM and PSA Peugeot Citroen in France, over the approximately three Malaysian automotive firms have expressed interest in buying shares in the company. It should be noted that the Malaysian government, 59 percent of Proton, including a 43% of Hashanah National, the investment arm of the government is in possession.

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Grew up with his three brothers, Natalie Anderson was suspended early in the automotive world. The 29-year-old account manager now dreams of his own classic car upmarket.