VW Proton - Plan Discontinue
January 12th, 2006 at 11:39pm frances Category : Auto News, Malaysia
News from Reuters reported that Volkswagen has scrapped plan in cooperative with Proton to build and sell VW brand cars for the local market. VW Chief Executive Bernd Pischetsrieder told investors that the different ideas of Proton and VW on the initial cooperative talk has cause them having decided such a move.
So many “unpleasant” news happen to Proton previously and it share prices has been receiving a steady drop since Oct last year.
Share Price Performance from The Star
Will this announcement from VW has even more painful impact on Proton? What is Proton next strategy? Will there be another partnership going on talk? We’ll have to see…