UPDATE 1-VW rejects report it near deal with Malaysia's Proton

(Reuters) - Quoting unidentified sources, the Edge financial daily said
Volkswagen was likely to take a 51 percent stake in a new
company into which would be injected Proton's key motor assets,
such as manufacturing, research and development, and
engineering.




But a Volkswagen spokesman rejected the idea that the
company was on the cusp of concluding talks with loss-making
Proton.


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