Talks between Volkswagen and
Wolfsburg - Volkswagen
Aktiengesellschaft and the Malaysian government have decided to
shelve their joint talks concerning cooperation with or
participation in the Malaysian automaker Proton Holdings Bhd for
the time being. As a consequence, there is at present no
foundation for a more in-depth investigation.
Irrespective of this decision,
Volkswagen will be stepping up its efforts to review other
possibilities for actively engaging in the ASEAN region and
further intensifying its sales activities in the region,
including such activities in Malaysia. The company remains
committed to its plans to establish a sustainable and successful
production and sales basis in the South East Asia region.
(November 20, 2007)