25 Jul 2012 | Foreign News : Indonesia
So far it's still a big question mark what is Volkswagen intention in buying Proton, are they aiming for the minority share or they intend to take over the entire stock of the company?
DRB-HICOM is Proton's new owner since January 2012, after acquiring 42.7% worth of share. This new ownership factor can be referred to as the key factor in achieving an agreement between both sides.
Previously in 2010, Volkswagen's intention to acquired Proton was rejected by Malaysian Prime Minister who wanted Proton to be kept under Malaysian authority. FYI, DRB-HICOM is a Malaysian company.
So far it remains as a major question mark about Volkswagen's intention over Proton, whether they only after the minority shares or to own the majority holding in Proton, by that they can fully take over the company's ownership.
Since this alliance is reportedly to be very beneficial for Volkswagen for them to maximize their roots in Southeast Asia. "Southeast Asia has an important role for VW global expansion. They are definitely wants to be here", said Christoph Stuermer, an analyst from HIS Automotive.
After much publication, Volkswagen has a burning obsession to become an automotive industry with over 10 million units target per year in 2018. Last 2011, VW managed to sell 8.3 million units.
Currently, DRB-HICOM itself is Volkswagen's business partner in manufacturing VW Passat for Malaysian market, following behind is the plan to build the Polo and Jetta.
So will VW be the new owner of Proton? Let's just wait for the drumrolls…
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