Enter the rumormill: VW won bid to control Proton

Motor Authority came across an article in XFN-Asia that says VW won the bidding contest for controlling stake of Malaysia's Proton. Although the report is light on details, it seems that a source who was privy to the deal confirmed that Volkswagen will be purchasing the required 51-percent of Proton's manufacturing arm and that an official statement will be released on February 8th.

If the source is to be trusted, that means that both GM and PSA Peugeot-Citroen were ousted from the runnings, which is little surprise, as VW has had a long standing relationship with the state-owned automaker.

[Source: Motor Authority]

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