Home / International News / News detail

Volkswagen Denies Report It Will Buy Control of New Proton Unit

From Bloomberg| June 08 , 2007 10:48 BJT

Volkswagen AG, Europe's largest carmaker, denied a report it will probably buy a controlling stake in a unit holding the assets of Malaysian carmaker Proton Holdings Bhd.

``This report is definitely wrong and only rumor without substance,'' said Andreas Meurer, a Volkswagen spokesman, in a phone interview today. ``We will have a round of talks soon.''

The Edge Financial Daily in Malaysia said today Volkswagen may buy a 51 percent stake in a newly formed unit that will own Proton's manufacturing, research and development and engineering divisions.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com

1: BYD launches all-new energy storage system MC Cube-T

2: Gasgoo Daily: Tesla's Shanghai Megapack factory to start construction in May

3: Volvo Cars, CATL form in-depth cooperation in battery closed loop recycling field

4: Gasgoo Daily: NIO rolls out update for Alder intelligent system