Clouds obscuring the future of Malaysia’s troubled national car maker Proton Holdings Bhd are darkening again. Lengthy talks concerning a possible strategic partnership with Volkswagen AG – and to a lesser degree General Motors Corp. – abruptly were cancelled Nov. 20, when Malaysian officials announced Proton no longer is seeking a foreign partner. Negotiations with Volkswagen initially began in 2004 and were halted temporarily in January 2006, when the Malaysian government refused to ...
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