FRANKFURT: Volkswagen (VW) has scrapped plans to cooperate with Proton Holdings Bhd to build and sell VW brand cars for the local market.
“We had a very specific idea how we wanted to proceed there. Unfortunately the Malaysian government, Khazanah and Proton had different ideas. Therefore, what we wanted in the cooperation with Proton will not materialise,” chief executive Bernd Pischetsrieder told investors gathered in Dearborn, Michigan, on Wednesday.
full report here
http://biz.thestar.com.my/news/story.asp?file=/2006/1/13/business/13102730&sec=business
So what comes next for our "National Treasure"? Whats the masterplan for survival in coming years?
“We had a very specific idea how we wanted to proceed there. Unfortunately the Malaysian government, Khazanah and Proton had different ideas. Therefore, what we wanted in the cooperation with Proton will not materialise,” chief executive Bernd Pischetsrieder told investors gathered in Dearborn, Michigan, on Wednesday.
full report here
http://biz.thestar.com.my/news/story.asp?file=/2006/1/13/business/13102730&sec=business
So what comes next for our "National Treasure"? Whats the masterplan for survival in coming years?