Volkswagen confirms link-up talks with Proton fail

Newswire

FRANKFURT, Nov 20 (Reuters) - Volkswagen has ended its exploratory talks with Malaysian carmaker Proton over a possible cooperation, it said on Tuesday, confirming statements issued by Malaysia's government earlier. "The Volkswagen group and the Malaysian government have decided not to further pursue for now joint discussions about a cooperation or an equity stake in the Malaysian carmaker Proton Holdings Bhd," the German company said in a statement.

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