Talk to save Proton failed

According to a report by The Edge, talks between the automaker Proton Holdings Bhd and Europe's largest car manufacturer Volkswagen AG, manufacturer of the famous Van parts --- Volkswagen, which started last year, have no enforcement after what the Malaysian government had hoped.

The weekly newspaper has reported that officials from Proton and Volkswagen had met several times, but no concrete agreement has been developed. The newspaper added that the talks were not going well and that it seems like the German carmaker has cooled somewhat, "" and less eager to date lately.

The newspaper also quoted a source familiar with the situation said: "This delay could reveal some doubts." The Malaysian government is also under pressure to get more details of the partnership for the loss-making known what Proton has lost its status as the country's largest-selling rival car manufacturer Perodua. The government assumes that messages of proton partnership with Volkswagen can help you recover.

Proton announced last week its third consecutive quarter of losses it blamed on what increased competition and sluggish sales. The company received a net loss of 281.45 million rgt for the third quarter to December compared with net income rgt has made in the previous year amounting to 86.51 million.

The Second Finance Minister Nor Mohamed Yakcop said that the government would release a statement on strategic partner of the proton in this month. Nobody knows whether it is still Volkswagen or any other company. But according to The Edge newspaper, "If this timetable is strictly adhered say sources, General Motors, the biggest carmaker in the world could be the partner of choice for Proton."

The main objective of the protons with foreign automakers with a partner provides heat to prevent a further decline in their market share as competition. It should be noted that the news has leaked of a possible partnership with Proton, Volkswagen's shares have increased, but after the news of the partnership is not confirmed, the shares of Proton will be overthrown.

Apart from Volkswagen, Proton is also in talks with GM and PSA Peugeot Citroen of France on about three Malaysian automotive firms that interest has been placed on the acquisition of shares in the company expressed. It should be noted that the Malaysian government, 59 percent of Proton, including a share of 43% of Khazanah Nasional, has held the investment arm of the government.

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Growing up with three brothers, Natalie Anderson was exposed early to the world of automobiles. The 29-year-old account manager now dreams of her own top-of-the-line vintage car.