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VW May Take 20% Stake in Proton: Report

Volkswagen may take a 20% stake in loss-making Malaysian carmaker Proton and will make a final decision no sooner than a supervisory board meeting in February, Wolfsburger Allgemeine Zeitungreported, citing company sources.

Volkswagen is in talks with the Malaysian government over a possible tie-upwith Proton and plans to increase in the medium its holding in the company tomore than 50% in a several steps, it said.

But the German carmaker wants Malaysia to cover Proton's losses for the next3-5 years, the newspaper said.