I am sure all of you have heard the shocking news that Volkswagen AG has abandoned plans plans to form an alliance with Proton Holding Bhd. Quite contrary to what we had been led to believe (Read this post).
Volkswagen group CEO Bernd Pischetsrieder was quoted as telling analysts at the North American International Auto Show in Detroit on 11 January that the company had "specific ideas" about its relationship with Proton, "Unfortunately the Malaysian government, Khazanah and Proton had different ideas. Therefore what we wanted in the cooperation with Proton will not materialise".
However, he added that VW will consider "a few isolated projects ... to support Proton."
Following that news, Proton's share price went on a downtrend, falling almost 20%. As of today (2 pm) Proton was still the top loser on the KLSE with price falling 70 sen to RM5.65.
TAGS: Proton Volkswagen
Popular Posts
-
El lunes 13 de agosto de 2013 publiqué una breve nota sobre una vieja publicidad del Fiat 1500 Gran Clase C cuando fue lanzado en el año 196... -
El sábado 13 de febrero de este año publiqué una nota sobre la rural Mercury Commuter patrullero de la serie King Size de Matchbox. Aquellos... -
The Tata Indica Vista EVX was developed at the Tata Motors European Technical Centre (TMETC) based at Warwick University by a 230-strong tea... -
Most of us know of Hertz as a reputed car rental company. However, not many are aware that Hertz also sells exceptional used cars as well. ... -
Received yet another set of spy shots said to be of an MPV under development by Proton , the Malaysian national car company. The amount of s... -
I know that Jay Leno is the host of NBC television's long-running talk show " The Tonight Show ". However, I didn't know t...
-
El jueves 24 de enero de 2013 publiqué una nota sobre la línea de los primeros Rambler que conocimos en Argentina. Gracias a cuatro publicid... -
This story is a bit old but I decided to put it up anyway. Mazda Motor Corporation launched the World premiere of the new European spec Maz... -
The new BMW 1 Series Sports Hatch will be launched on 17 September. The car is the only rear-wheeldrive car in its class. Available in a var...
-
Here are some recent news reports about Proton's increasing interest in China: 1. Has Proton entered into a partnership with JinHua Qing...
No comments:
Post a Comment