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Wednesday, May 30, 2007

Volkswagen: News from the Proton front

The never-ending story continues and we really hope there is an end soon, no matter in which direction.
Both VW and General Motors had expressed an interest in acquiring a stake in Proton, but neither automaker made an offer by the government's late-March deadline.

Instead, VW now appears to be looking at establishing a regional assembly facility in nearby Indonesia, according to government officials in Jakarta. Among the company's alternatives is a tie-up with a local assembly partner in Indonesia.

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Source: Inside Line


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