KUALA LUMPUR, Nov. 15, 2007 (Thomson Financial delivered by Newstex) — A deal has been struck to forge a partnership between Malaysian national carmaker Proton Holdings Bhd (OOTC:POHDF) and Germany’s Volkswagen AG, the Edge Financial Daily reported on Friday.
The negotiations between the Malaysian government and Volkswagen has been concluded and a memorandum of intent (MOI) will be signed soon, the newspaper said, citing unnamed sources.
The MOI is expected to set the stage for further due diligence and collaboration between the two parties, the sources said.
