| On a report that Volkswagen AG may have agreed | | | | Volkswagen will monitor international sales. |
| to share technology with Proton Holdings Bhd., and to | | | | Azman Mokhtar, the Managing Director of Khazanah, |
| acquire a stake in its manufacturing unit, shares of the | | | | said in June 26 that he plans to look for a partner for |
| unprofitable Malaysian automaker rose. | | | | Proton before the end of this year. |
| After the Edge magazine said that Volkswagen may | | | | The Edge also states that collaboration between |
| pay several hundred million ringgit and supply vehicle | | | | Proton and U.S. carmaker General Motors Corp. is |
| platforms as part of an agreement, the stocks of | | | | unlikely to happen because Proton sells vehicles in Iran. |
| Proton jumped as high as 5.2 percent. The report also | | | | According to the magazine, GM particularized that |
| said that the biggest carmaker in Europe, Volkswagen, | | | | Proton must pull out of Iran, a condition that will be met. |
| will own 51 percent of a new company that will own | | | | About Volkswagen and the environment |
| Proton's manufacturing division. | | | | Protecting the environment is increasingly becoming an |
| Analyst Mohd Hanafi said that the agreement seems | | | | important part of the whole process chain from |
| to be just waiting for a formal decision. The analyst at | | | | product planning and product development to the |
| Alliance Research Sdn. in Kuala Lumpur, with a ``buy'' | | | | recovery of end-of-life vehicles. In this connection, |
| rating on Proton stock, added that any kind of new | | | | when a new Volkswagen is developed, several |
| positive development would surely have an impact on | | | | line-ups of activities guarantee the long life of the |
| the share price. | | | | vehicle and improve subsequent recovery. |
| Based on the estimates of Hwang-DBS Vickers | | | | All engineers who are involved in the development |
| Research Sdn., the control of Proton's car making | | | | process use the internal respective guidelines and |
| division may cost 900 million ringgit ($263 million). The | | | | broad information as the basis for creating recyclable |
| state-owned automaker needs an ally to help roll out | | | | products. Aside from avoiding the use of hazardous |
| new models and turn out increasing sales. | | | | substances, they are also increasingly using recycled |
| Khazanah Nasional Bhd. spokesman Mohd Asuki Abas | | | | materials as well and labeling the materials of all |
| refused to comment on the report. Khazanah, a | | | | applicable vehicle components with their material types, |
| Malaysian government investment unit, holds 43 | | | | to succor identification and subsequent recycling. |
| percent of Proton. Proton Spokeswoman Faridah Idris | | | | Through a recycling analysis, the environmentally |
| said that she was not able to comment immediately. | | | | friendly properties of the new vehicle are checked. |
| Proton shares jumped as high as 30 sen to 6.10 ringgit. | | | | Documentation is prepared and made available to the |
| The stock has dropped 11 percent this year as | | | | recycling companies to guarantee environmentally |
| compared with a 26 percent increase by the Kuala | | | | friendly recycling at the end of a vehicle's life. |
| Lumpur Composite Index. | | | | The company engineers are the experts behind quality |
| The Magazine said that according to the agreement, | | | | Volkswagen Jetta parts. |
| Proton will control domestic vehicle distribution and | | | | |