Jan 15, 2005.
German car-maker Volkswagen plans to build a budget car for south east Asia in partnership with Malaysian car maker Proton, the company's chief executive told a German magazine in an interview to appear on Monday. VW chief Bernd Pischetsrieder said he planned a budget car which could be made for 2,300 euros ($3,000), to be developed with Proton. Pischetsrieder said that he knew of no plans for a factory in India -- a market rumour -- and said there would be no stopping his cost-saving programme ForMotion.
(Sorry, the news is so short. Will keep it updated)
Volkswagen plans budget car for Asia - report
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conan
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