VW looking for partners in Indonesia, Thailand: report

Frankfurt (ANTAR News) - Volkswagen, the biggest European carmaker, is
looking for a new Asian partner and is focusing on Indonesia and
Thailand after talks with the Malaysian group Proton broke down, a
press report said on Wednesday.

The business daily Handelsblatt quoted VW sources as saying that
research teams from the car giant were ready to begin looking at
possible partners.

A Volkswagen spokesman told AFP in Frankfurt Tuesday that the group was now looking for "new commitments" in Southeast Asia.



On Tuesday, Malaysia's state investment arm Khazanah Nasional, which
controls Proton, said it had discontinued negotiations with Volkswagen.

The German group said in a statement it and the Malaysian government
had decided "to shelve their joint talks" for the time being. (*) END