Sunday, April 1, 2007

UPDATE 2-Malaysia says still talking to GM on Proton

(Reuters) - "It's at the level of the officials. It's nearing conclusion. They have to present the full report to me," he told reporters when asked about the status of talks with General Motors. German carmaker Volkswagen AG had been seen as the frontrunner to partner Proton until last Friday, when a Singapore newspaper said those talks had broken down. The week before, the prime minister had said Malaysia was talking only to Volkswagen.

Abdullah declined on Monday to give any details on the status of talks with either Volkswagen or General Motors. The U.S. giant had been thought to be out of the running until last week.


Read more at Reuters.com Mergers News

No comments: