Proton (and Lotus) to be bought by VW

[nissias]

http://business.edp24.co.uk/story.aspx? ... 3A22%3A997

SEARCH THE WEB GUYS. THE NEWS ARE EVERYWHERE AND THE GO AHEAD STEP WILL BE SOON AS I IMAGINE.
Maybe we can get a new Elan built someday with 2.0T engine.
How cool will that be?

[nissias]

Quote from http://en.wikipedia.org/wiki/Proton_(company)

In October 2004, Proton announced that an understanding has been reached with Volkswagen AG of Germany to establish a strategic partnership. Under the tie-up, the two carmakers are expected to exploit each other's strengths. Proton would gain access to Volkswagen's superior technical capabilities and technology. In return, Volkswagen may utilise Proton's spare capacity at the latter's Tanjung Malim to assemble cars for export to the South-East Asian market, where the German auto giant has a weak presence. Furthermore, the tie-up may see Volkswagen assist in distributing Proton vehicles in China while Proton does the same for Volkswagen in South-East Asia. Nonetheless, none of the parties announced detailed and concrete plans for the partnership. On January 13, 2006, Volkswagen announced that negotiation of the partnership has failed because VW's plans were different and clashes with the terms and condition that Proton offered.[3] Despite this, Malaysian news has announced Volkswagen AG has signed an agreement to buy a 51% stake in Proton on January 26, 2007. Official announcement from the two companies was expected February 8. 2007.[4]

[nissias]

http://www.autoblog.com/2007/01/27/ente ... ol-proton/

[nissias]

Now we wait and see what happens next