You guys have probably about the re-initiation of talk between Proton and Volkswagen:
KUALA LUMPUR (XFN-ASIA) – The government may approve a proposal to sell a 51 pct stake in the manufacturing operations of Proton Holdings Bhd to a foreign strategic partner, the Edge Daily reported.
Mind you, I haven’t had the chance to read the local paper lately. But I scourged around the internet and found this too:
Malaysian auto company Mofaz Group hopes to acquire part of the 38 per cent stake owned by state-controlled Khazanah Nasional Bhd in Proton and take control of the ailing national car maker, a report said yesterday.
Anyway, from The Star:
See that two earlier cascades early in the year?
That was when the first talk between the two parties collapsed in January 2006.
Regardless, the meeting between the two car makers means more resources for governance, less for bail outs. All else being equal of course.
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