Report: Volkswagen looking to acquire Proton, Lotus?

Filed under: Plants/Manufacturing, Lotus, Volkswagen

Let's say you're an automaker bent on world domination looking to grow your sales. That's going to have you looking at Asian markets, because that's where some of the biggest growth has been, and that's exactly what Volkswagen is doing as it considers making another run at Malaysia's Proton.

Reuters reports that Volkswagen is interested in at least a partial stake, if not a controlling interest in Lotus-parent Proton as a way to continue a production presence in the region without having to build its own factory.

Volkswagen already builds the Passat in a DRB-HICOM facility in Pekan, Malaysia, and plans are in place to build the Jetta and Polo there, as well. With both southeast Asia and its relationship with Proton figuring so importantly in Volkswagen's plans for expansion, buying into Proton can help ensure stability. Volkswagen is being tight-lipped about the whole idea, but CEO Martin Winterkorn did recently say, "it's our clear goal to continue the successful (expansion) course of past years with great dynamics and stability," which sounds an awful lot like deals are on the table to smooth the path to further growth.

Volkswagen looking to acquire Proton, Lotus? originally appeared on Autoblog on Thu, 26 Jul 2012 13:01:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Source: http://www.autoblog.com/2012/07/26/volkswagen-looking-to-acquire-proton-lotus/

Kurt Kuhnke Nate Robinson Sacramento Kings Indiana Pacers Utah Jazz Claudio Langes