Talk to save the Proton

According to a report by The Edge, talks between the automaker Proton Holding Bhd and Europe's largest automaker, Volkswagen AG and Volkswagen parts manufacturer famous Van --- which began last year have not been pushed through depending on what the Malaysian government is hoping for. The newspaper said that officials from Proton and Volkswagen met on several occasions, but no concrete agreement has been developed. The newspaper also added that the talks were not going well and it seems that the German automaker has somewhat "cooled" and seems less anxious lately. The newspaper also quoted a source familiar with the situation by saying: "This delay could reveal some doubts." The Malaysian government is also under pressure to announce details of the partnership for the loss of Proton, which has lost its status as the largest-selling car rival Perodua. The Government believes that the new Proton, the partnership with Volkswagen, it can help to recover. Last week, Proton announced its third consecutive quarter of losses which it blamed increased competition on sales and stagnation. The company obtained a net loss of 281.45 million rgt for the third quarter ended December as compared to net income, it took a year before, amounting to 86.51 million rgt. The second finance minister Nor Mohamed Yakcop said the government would publish an announcement on Proton's strategic partner this month. Nobody knows if it is still a Volkswagen or other company. But according to The Edge newspaper, "If this timetable is adhered to strictly, sources say General Motors, the largest automaker in the world, could well become the preferred partner for Proton. The main goal of having a partnership with Proton foreign car is expected to prevent a further decline in market share as competition intensifies. It should be noted that when news of a possible partnership with Volkswagen fled Proton shares rose, but after the announcement of this partnership has not been confirmed from Proton plunged. Apart from Volkswagen, Proton has also been in talks with GM and PSA Peugeot Citroen of France more than three automotive companies in Malaysia that have shown interest in buying stakes in the company. It should be noted that the Malaysian government owns 59 percent of Proton, including a 43% owned by Khazanah Nasional, the investment arm of the government. To learn more about your needs for parts, such as Volkswagen Volkswagen Van parts, visit your trusted source online. Growing up with three brothers, Natalie Anderson became exposed early to the automotive world. This 29-year-old account manager now dreams of having his own top-of-the-line vintage car