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VW Proton Talks Sputter

The Malaysian government, which controls automaker Proton, said it will not provide a financial bailout for the struggling company, now that it appears discussions have broken off once again with Volkswagen.

VW ProtonBoth VW and General Motors had expressed an interest in acquiring a stake in Proton, but neither automaker made an offer by the government's late-March deadline.

Instead, VW now appears to be looking at establishing a regional assembly facility in nearby Indonesia, according to government officials in Jakarta. Among the company's alternatives is a tie-up with a local assembly partner in Indonesia.

© Source: insideline
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