Malaysian carmaker Proton Troubled looking for an outstretched hand and the Malaysian government is doing its best for the largest European car manufacturer Volkswagen AG to invest in Proton. Three rounds of talks are ongoing between the Malaysian government that the majority of the shares of Proton and German giant owns car. After these rounds of talks, the Malaysian Government is satisfied that the agreement with Volkswagen year.A the highest government official in Malaysia said they are strictly trying to close the deal in December this year.
The transaction is expected to give the boost they need to compete with its competitors in the car market in Malaysia Proton. It is common speculation that Volkswagen Proton will be marketed in Asia, while Volkswagen Proton a stronger position in the car in Malaysia market.Nor Mohamed Yakcop, second finance minister, said: "The good news is that we still talk . Things happen. Discussions are ongoing (og) we hope to solve soon. "Asked Whether the negotiations will be completed by the end of the year, the official said" this is a reasonable goal.
"The prices of vehicles in past, the Proton is the biggest automaker of the car market in Malaysia. With support from the Malaysian government, the manufacturer has reduced the competition can offer. But last year, is the title of Malaysia's largest automaker Proton, Perodua removed by. While the latter focuses on the development of small compact cars, the tendency to buy the car market in Malaysia shifted to small cars. one of the most formidable opponents of the car, Toyota, which is expanding its work in Malaysia.
With market shares lower, the Malaysian government to consider "working with a car manufacturer Proton and the resources and reputation may work in Lotto Malaysian carmaker. Volkswagen is known for its excellent and reliable cars aesthetic components such as radiators and other VW. The German manufacturer is also the capital to invest in Malaysian automaker.Although Volkswagen n 'is not the only company interested in buying the car in Malaysia, the Malaysian government supports the European manufacturer clear.
General Motors is also interested in the Malaysian carmaker, but there are reports of negotiations between the carmaker Detroit and the Malaysian government. Volkswagen is expanding its presence in the market global automotive decides to acquire Proton. Maybe that's what GM has in mind because they are interested in Malaysian carmaker Proton.The are beginning to show signs of recovery that the automaker posted its highest sales for the release of this year , last month. The increase in sales for the month of July may be indicative of an effect on the reputation of Volkswagen Proton.
The Malaysian carmaker recently unveiled the new Proton Persona, and hopes to turn around the fate of Volkswagen more reason manufacturer to invest in Malaysia. Proton is very similar to go at a loss for a total of $ 172,400,000 last year in March this year.
