AM Online

Proton searches for manufacturing alliance

Proton is openly looking for strategic partners for its manufacturing operations and Volkswagen is seen as a front runner.

A report in the Malaysian nationa news agency, Bernama, said Volkswagen was willing to commit to a $545 million (£276.4m) deal for a 51% stake in Proton’s manufacturing business.

However, VW will not control Proton's holding company, in which government investment arm Khazanah Nasional has a 43% stake in Proton.

Khazanah is expected to remain the major shareholder at Proton, Bernama said.

Such an arrangement would enable Proton to control sales and distribution while Volkswagen can access Proton's assembly lines.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.