Volkswagen buys Proton, Lotus

Volkswagen buys Proton, Lotus

Proton and Lotus has jumped onto the [I]wagen[/I] with Audi, Bentley, Lamborghini, Seat, Skoda and Bugatti. Volkswagen has bought a controlling stake (51 percent) in Proton. An official annoucement is expected on 8 Feb. General Motors had earlier been linked to a deal involving buying a controlling stake in Proton and Lotus (which is owned by Proton), but it seems that the VeeDub has beaten it to securing the deal.

OneShift Editorial Team
OneShift Editorial Team
28 Jan 2007

Credits: triggerpuff

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