Volkswagen plays down talk of taking Proton stake


FRANKFURT, July 29 (Reuters) - Volkswagen is not close to a deal to take an equity stake in Malaysian ally Proton Holdings Bhd , Europe's largest carmaker said on Friday, playing down talk of any imminent move. "In respect of our growth strategy for the emerging markets like Russia (and) India, we are discussing together with our partners Proton and their major shareholder Khazanah a close industrial cooperation, especially for the ASEAN market, but maybe also for other emerging market ...

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