Talks to save Proton failed

According to a report by The Edge, talks between car manufacturers Proton Holding Bhd and Europe's largest car manufacturer, Volkswagen AG and the producer of the renowned Volkswagen Van parts --- which last year by walking according to which the Malaysian government hopes to.

The weekly has reported that officials from Proton and Volkswagen had several times, but no concrete agreement has been developed. The newspaper added that the talks have not and that it seems as if the German car manufacturer has something "cool" and recently appeared less enthusiastic.

The newspaper quoted a source with the situation with the words: "This delay could be any doubt." The Malaysian government is also under pressure to announce details of the partnership for the loss of the proton, which lost its status as the country's largest-selling car manufacturer Perodua rivals. The Government believes that the news of the cooperation with Proton, Volkswagen can help to recover.

Last week, Proton announced its third consecutive quarter of losses, which they make in terms of increased competition and weak sales. The company posted a net loss of 281.45 million RGT for the third quarter compared to December net profit in the previous year, an amount of 86.51 million RGT.

The Second Minister of Finance Mohamad Yakcop also said that the government would be an announcement on Proton's strategic partner in this Monday Nobody knows whether it is still the Volkswagen or any other company. But after The Edge newspaper: "If this timetable is adhered to strictly, sources say General Motors, the world's largest car manufacturer, the partner of choice for Proton."

The main objective of the partnership with Proton with a foreign car manufacturer is to prevent an otherwise declining market share of the heated competition. It should be noted that when the news of a possible partnership with Volkswagen have leaked by the shares of Proton has increased, but following the news of the partnership was not confirmed, the shares of Proton crashed.

Apart from Volkswagen, Proton is in talks with GM and PSA Peugeot Citroen of France and three Malaysian automotive firms have expressed an interest in buying shares in the company. It should be noted that the Malaysian government owns 59 percent of Proton, with a share of 43% owned by Khazanah Nasional, the investment arm of the government.

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Grew up with three brothers, Natalie Anderson was suspended early in the world of cars. The 29-year-old account manager now dreams of their own top-of-the-line vintage car.