» Volkswagen to acquire majority stake in Proton | Volkswagen Blog | Dubautoparts

Volkswagen to acquire majority stake in Proton

German car manufacturer has reportedly agreed to buy a majority stake of the Malaysian car manufacturer Proton.

Volkwagen would acquire a 51% stake of the company. An official announcement is expected to come out February 8, according to news agency XFN-Asia.

Proton-owned Lotus is involved in the deal and would become under control of Volkswagen.

Proton would join carmakers Audi, Bentley, Seat, Skoda, Lamborghini and Bugatti in the Volkswagen stable.

This entry was posted on Friday, February 9th, 2007 at 9:25 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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