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Wolfsburg, November 20, 2007 – 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.
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