Proton's Shares Increase as Its Deal with Volkswagen Near Conclusion

The shares of the troubled Malaysian carmakerVolkswagen."
Proton has increased slightly last Monday after reportsProton’s shares were up by 0.05 ringgit or
has come out that its deal with Europe’s0.86 percent and close at 5.85 ringgit after reaching as
largest automaker and producer of top-of-the-linehigh as 6.10 ringgit in late trade.
quality VW Beetle parts is getting closer to a deal.Volkswagen met with Proton for the third time in
Analysts said that such positive news matched with aGermany recently after its earlier meetings in Thailand
plan of the government to remove cars that are 15and the United States. The foreign tie-up with Proton is
years old and older have lured investors to thevery important for the Malaysian automaker in order
company. According to the Edge business newspaperfor it to stop the decline in its market share and to stop
last Monday, "Malaysian representatives of Proton'sincurring further losses.
stakeholders have inched closer to a final deal with