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VW stake in Proton

Posted: Tue Jan 30, 2007 2:41 pm
by David Bryce
don't know if this is old news or not:

A majority stake in Proton is to be sold to Volkswagen, according to Asian business reports, passing control not only of the Malaysian state-owned car-maker to VW, but also of British sports car-maker Lotus.

Autocar's sources suggest that VW is to take a 51 per cent stake in Proton, which it will confirm in an announcement to the press on February 8. Proton, in turn, has owned an 80 per cent stake of Group Lotus, the company within which Lotus Cars operates, since 1996. The sale would therefore leave Hethel's best-known brand firmly under the control of Wolfsburg from now on.

Posted: Tue Jan 30, 2007 2:46 pm
by GregR
yeah - has been mentioned on a number of forums before. Difficulties discussed already include the Esprit, and how that will fit into a company with a portfolio including the R8 and Lamborghini.

Posted: Tue Jan 30, 2007 2:53 pm
by MacK
Not to metion Porsche having a stake in VW.

Posted: Tue Jan 30, 2007 3:00 pm
by MacK
shooomer wrote:
MacK wrote:Not to metion Porsche having a take in VW.
Then there's also S2 Elise/Cayenne implications :lol:
There's only one reply that can be given to that.







:finger

Re: VW stake in Proton

Posted: Tue Jan 30, 2007 4:39 pm
by simon
David Bryce wrote:A majority stake in Proton is to be sold to Volkswagen, according to Asian business reports, passing control not only of the Malaysian state-owned car-maker to VW, but also of British sports car-maker Lotus.
The latest rumour was that GM were going to be buying a stake so don't believe anything until it's confirmed ;)

Posted: Tue Jan 30, 2007 5:18 pm
by Tom
shooomer wrote:
MacK wrote:Not to metion Porsche having a take in VW.
Then there's also S2 Elise/Cayenne implications :lol:
:damnfunny :damnfunny :damnfunny :damnfunny

Posted: Wed Jan 31, 2007 11:08 am
by campbell
Just doing a bit of cross-posting to bring communities together...here is the Golf GTi forum take on the same story ;-)

http://www.forum.golfgti.co.uk/index.php?topic=53747.0