Talks between Volkswagen and Proton closed

Wolfsburg - Volkswagen Aktiengesellschaft and the Malaysian government have decided to shelve their joint talks concerning cooperation with or participation in the Malaysian automaker Proton Holdings Bhd for the time being. As a consequence, there is at present no foundation for a more in-depth investigation.

Irrespective of this decision, Volkswagen will be stepping up its efforts to review other possibilities for actively engaging in the ASEAN region and further intensifying its sales activities in the region, including such activities in Malaysia. The company remains committed to its plans to establish a sustainable and successful production and sales basis in the South East Asia region.

(November 20, 2007)